Who Borrowed the Money and Who is Owed Payment
Just one thought. Its funny that fiscal conservatives seem to think defaulting on the debt is a justifiable strategy/approach to this problem. For all the talk about responsibility and balanced budget amendments, they’re happy to nullify pre-existing contractual obligations for the sake of politics. And if you look at who has contributed the most, its their presidents and they’re spending programs. What a bunch of deadbeats. And if you look at who is most likely to be hurt by all this; its the public through cuts to pre-agreed social programs, losses on their retirement savings, and the stability of our private institutions. So how is all this austerity to the point of insolvency talk good for America?