The Necessary Default

I am in a club of Americans that believe the long-term viability of the U.S. economy depends upon a default by the U.S. Treasury on its’ bonds.  When I made this statement to a good friend his reply was, “are you crazy?”

No, I’m far from being crazy.  I’m just one of a handful of individuals who is willing to say that America needs fiscal discipline.  The only way to arrive at the required level of discipline is for America to default upon its’ debt obligations.

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