[quote=meadandale][quote=CA renter]
I agree that Greece needs to default (as do all the FBs in the U.S.).[/quote]
So, if you advocate Greece defaulting what is your position on the US raising our debt limit? Everyone says that the sky will fall if we default on our debt obligations. Shouldn’t we just default as well rather than trying to climb out of this massive hole?
If it’s good for Greece…isn’t it good for us?[/quote]
Some would argue that it would be our best course, especially if most of our debt is held externally.
Of course, by debasing our currency, we are effectively defaulting, IMHO.
