|
When Gingrich, et al were playing this game, they were not driven by a political agenda that said, "We want America to fail." This is the first one that concerns me. Because it is driven by people with near zero intelligence levels and a philosophy that says, "We will ignore facts to just know a default will not be harmful."
Gingriich and his "Contract with America" supporters understood how things really work. Therefore backed down in humiliation in order to not make America fail. View henry quirk's post to see how dangerous today's wacko extremists have become.
A government default is to me an ideal buying opportunity. It should be profitable. However, it will mean all American debts (current and future) will automatically increase. Nobody with intelligence would advocate that. And that is the problem. These wackos have no idea that they want American to become a second class nation. Intelligence in American politics has dropped to Joseph McCarthy and Nixon plumbers levels.
A default will happen if moderates in the Republican party do not stand up and attack the wackos. Even Boehmer no longer displays any backbone.
|