Pat Buchanan says that "the establishment that is resorting to extortion, saying, in effect, to the House GOP: Give us the new taxes we demand, or Obama will veto the debt ceiling and we will all blame you for the default" — An Establishment in Panic.
"A great default is behind us," says Gary North; "The public is unaware of this" — On the Road to Government Default. "If you read this report, you will no longer be unaware of it."
"As Gary North has noted, the great 21st century default of the U.S. government has already started," explains Karen Kwiatkowski, "with the raiding of federal pension funds to stay solvent a few months ago" — Metaphors for a Post-Federal America.
"They’ve raised the ceiling 93 times since they first imposed a debt ceiling 94 years ago," reminds Bill Bonner, suggesting "they’ll continue borrowing and spending until the nation goes broke" — Imperial Suicide.
Labels: America the Beautiful, Decline and Fall, Leviathan, The Dismal Science