Why a Debt Default Would Be Wonderful � ~ BLOGGER.GUNNY.G.1984 ~ (BLOG & EMAIL):
"Why a Debt Default Would Be Wonderful
While it is likely that the two parties in Congress will reach a deal before the August 2 deadline, I can’t help reflecting on how wonderful it would be if they didn’t.
While Congressman Ron Paul has correctly pointed out that the government has already defaulted at least three different times in its history, and continues to default every time it prints new money, it is not quite the same as an “on-the-books” failure to make a timely payment. That is exactly what America needs.
Politicians, mainstream economists, and the media tell us that a U.S. government debt default would be"
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