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Milton J. Madison - An American Refugee Now Living in China, Where Liberty is Ascending

Federalism, Free Markets and the Liberty To Let One's Mind Wander. I Am Very Worried About the Fate of Liberty in the USA, Where Government is Taking people's Lives ____________________________________________________________________________________________ "Extremism in defense of liberty is no vice. Tolerance in the face of tyranny is no virtue." -Barry Goldwater-

Sunday, May 15, 2011

Geithner Says Default Damage May Be ‘Irrevocable’ - Bloomberg

This is nonsense and only serves to allow Democrats to keep hiding from their responsibilities. Under the current interventionist system of US government, it will only be a matter of time before the USA defaults on its obligations. The Democrats, who refused to present a budget last year or have allowed the feckless Obamessiah to kick the can down the road with his completely worthless budget have steered the nation towards driving it off of a cliff. Either take a little pain now or it will be much much worse very very soon afterwards.

Geithner Says Default Damage May Be ‘Irrevocable’ - Bloomberg

1 Comments:

At 5:51 PM, Anonymous Anonymous said...

It will fail and the currency will be revalued.

 

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