Belmont Club

By Richard Fernandez

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How do you know you’re winning?

March 7, 2009 - 1:45 am - by Richard Fernandez
Captain Ramen
2009-03-09 00:32:30

Bankruptcy is the way out. If it’s good enough for GM, it should be good enough for us too.

A default would make the government borrowing money much more expensive. Pissed off taxpayers are likely to get more pissed off when a third of their dollar goes to making interest payments on federal debt. The era of cheap money is over, as well it should be.