THE COMING U.S. DEFAULT: Top 10 Fun Facts

[longknife]

by directorblue

A big thing that's lurking beneath our politics -- which most people don't see yet -- is that there is going to be a mad scramble between "investor classes" in the coming US managed bankruptcy, with Obama insisting his coalition be paid off first and Republicans demanding their constituents be first in line to collect the very limited of dollars salvageable from the concern. Four or five dollars have been promised for every dollar actually available. --Ace


Holman Jenkins says that a nicer term for the inevitable U.S. default is 'entitlement reform'. Here are the top 10 inconvenient truths of the coming soft bankruptcy of the United States:

Read the 10 facts and more @ Doug Ross @ Journal: THE COMING U.S. DEFAULT: Top 10 Fun Facts