Full column here.
“What the looming fiscal crisis of this country portends is nothing less than a test of whether this democratic republic is sustainable.”
It is becoming increasingly clear what Democrat and former comptroller general David Walker warned about for years will likely happen: America will default on its national debt. The implications are too terrible to contemplate.
Writing last week, columnist Pat Buchanan states the bleak reality: ” . . . today, there are those warning that the United States, with consecutive deficits running 10 percent of gross domestic product, is risking an eventual default on its national debt.”