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Tuesday, October 15, 2013

For Some Hardliners, Default Is The Goal


"In his 1987 essay, "The Ethics of Debt Default," Buchanan made an argument often repeated by libertarians and Tea Party members: if the Treasury were to default, no one would ever lend it money again, thus imposing a balanced budget; the government could only spend as much as tax revenue permitted." Bruce Bartlett in The New York Times.

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"America Flirts With Self-Destruction," The "London Financial Times




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