General Discussion
In reply to the discussion: So how does this end well? I mean, really? [View all]wouldsman
(94 posts)Righties need to understand how an American default will look to the rest of the globe. Most righties view nearly all of European countries as Socialist and obviously China as Communist. If Capitalist America defaults while China is robustly growing and flush with cash, and a pocket full of IOU's with our name on them, and Socialist Europe stands steady while being able to give their citizens free college education, comfortable retirements, full coverage healthcare, maternity and paternity leave and several weeks of paid vacation every year, then the debate will be over. And the winner will not be American style capitalism. The Tea Party Republicans are holding the cards. Their decision will show the world which economic system is the winner.