House Speaker John A. Boehner (R-Ohio) appears to believe that there should be a government default 11 days from now …
With the baby-boomers in the process of retiring, Boehner wants $650 billion in cuts to “entitlement programs” – think the things like Medicare, Medicaid and Social Security. You know, the programs for those retiring people who have been whipped out by the GOP promoted economic bubble…
No question. America needs to default on any and all contractual obligations. We need our interest rates to rise … that is, interest paid, not earned … unless it is interest earned by China and others who purchase our debt obligations.
“The Most Harm to the Most People.”
John A. Boehner point man!
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