There will only be a genuine Default on our Debt if the US Treasury and our Masters CHOOSE not to spend the money on the interest payments, and they CHOOSE to blow it elsewhere.
Denninger lays it out wonderfully, one more time.
Here is the link.
Make certain to add this post to your Denninger reading list for the day, here.
Kerodin
III
Enemies of Liberty are ruthless. To own your Liberty, you'd better come harder than your enemies..
