Mr. President, learn some valuable lessons from your Indonesian roots. Default, while painful, is also necessary, when debts are out of control. This is not a partisan swipe at Democrats. In fact, whomever gets elected/re-elected as President will eventually regret it when the ship sinks under his watch. The debt will be repudiated--whether by default or by design.
http://www.sovereignman.com/expat/guess-whos-bailing-out-bankrupt-western-governments-now/
Thursday, July 5, 2012
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