All hell breaks loose if America defaults


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.”

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