Re: Default, dear Brutus, is not in our stars

"Karl Swenson" <[email protected]> Sat, 11 Jun 2011 18:15:32 -0700
Newsgroups gmane.music.dadl.ot
Message-ID <001701cc289e$3ab75920$b0260b60$@com>
So what are the pros and cons of defaulting?  Honestly curious.

-----Original Message-----
From: [email protected] [mailto:[email protected]] On Behalf Of Lance McLain
Sent: Saturday, June 11, 2011 12:02 PM
To: DADL (off topic)
Subject: Re: [DADL-OT] Default, dear Brutus, is not in our stars



> America has a looming rendezvous with destiny. You can’t tax your way out of it, you can’t inflate your way out of it, you can’t quantitively ease your way out of it. The only door that leads anywhere is the one marked “Massive Government Cuts”. 

We can also default on China.  Screw them.  They knew the risks investing in us.  I'd prefer what little remains of our wealth go to Americans not Chinese.
Default is an option.  Only the banksters will tell you otherwise.

-L
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