Default: The USA is bankrupt

The US government has three options.

1. Seriously Cut spending, like Rand Paul’s 5 year plan. Economy gets rolling again soon as bankrupt companies and banks liquidate. The public gets back to work soon as government cuts regulations.

2. Default now! The banks suffer the most. The public suffers, but not so much. America starts rolling again soon as bankrupt companies and banks liquidate.

3. Devalue the currency by hyper inflating(printing). 90% unemployment or higher. US becomes debt free.

Which do you prefer? Well you don’t have a choice. The government is choosing number 3 whether you like it or not. The ardent supporters of the Pauls know this. The only way to stop a socialist/communist agenda is with electing a libertarian/constitutionist like Dr. Ron Paul.

Posted with WordPress for BlackBerry.

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About economicmayhem

I am @economicmayhem on twitter.
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