Thursday, July 5, 2012

Guess who’s bailing out bankrupt western governments now…

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/

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