We Need to Default – Let’s Just Get It Over With


Okay, that’s IT.

I’m through.

I’ve had enough.

Personally, I am sick and tired of the fear mongering, the “sky-is-falling” rhetoric, the doomsday scenarios being played out at nauseum by the so-called “mainstream” media, and the outright extortion tactics of the bankster class, who are, again, holding a gun at their own heads and threatening to pull the trigger unless we pay them a ransom – in this case, another multi-trillion dollar debt ceiling increase.

The leading ratings agencies, over the weekend, came out with statements that basically read that if the United States did not increase its self-imposed credit limit substantially from its current 14.3 trillion dollars (in other words, allow ourselves to borrow even MORE money from our kids and grandkids), they would lower our sovereign debt bond rating from AAA+ (which in and of itself is a joke at this point) to a lower rating, which will directly result in increases in interest rates across the board, including interest rates on United States treasury notes.  This will raise the cost that the US Treasury will have to pay to service our $14.5 trillion debt, which will serve to put us into even more debt.

Get the picture?

The same criminal ratings agencies that refused to downgrade Lehman Brothers until a week before their collapse – the same ones that looked the other way as Fannie Mae and Freddie Mac lurched their way toward insolvency and a bailout that cost the American taxpayer hundreds of billions of dollars – now are trying to inflict the final coup de grace on this nation by forcing politicians into taking a so-called “deal” that will only serve to seal our fate as a permanently-diminished, second-rate banana republic.

Am I the only person who is seeing what is wrong here, or does anyone else see it?

Well, I, for one, am not buying it any longer.  As the ill-conceived and criminally mismanaged TARP “bailout” showed, none of these people can be trusted to say anything truthful.

I say, fool me once, shame on you – fool me twice, shame on me.

It’s time for you and me to call their bluff.

Let the nation default.

There, I’ve said it.

Do it now, while the repercussions are somewhat controllable.  And, while we’re at it, abolish the Federal Reserve System, hold the Chase/Goldman/CIT/BOA criminal bankster syndicate accountable for their blatantly destructive actions, and start over.

When the actual debt load (including unfunded future obligations) on every household in this nation stands in excess of $600,000.00 (as it does now), there is no way we will ever repay it, anyway.  So let’s bite the bullet, declare bankruptcy, and let our creditors (i.e., China and Japan) get what they can from us.

The United States of America, the greatest and most exceptional experiment in liberty that this world has ever known, has been very nearly killed – rotted from within by human greed and hubris.  And we “the People” are just as guilty as those who actually perpetrated the deed, because we have been co-conspirators, complicit in our ignorance and selfishness, willingly allowing it to happen with barely a whimper of protest, until it is almost too late.

The Founders Tried to Warn Us

When someone asked Benjamin Franklin, upon adjournment of the Constitutional Convention in 1787, what kind of government the delegates had created, he responded, “A republic – if you can keep it.”  Thomas Jefferson wrote, “…We are likely to preserve the liberty we have obtained only by unremitting labors and perils.

We have, sadly, shirked our duty to keep and preserve our Republic.  Those who hold public office in Washington, DC and elsewhere who have sworn a solemn oath to “support, protect, and defend the Constitution of the United States against all enemies, foreign and domestic,” have purposefully and actively worked to sabotage and shred that very document.  And, we are about the reap the terrible fruits of the efforts of those traitorous few who have engineered this disaster, because of our willing complicity.

I say, let it come.  Let’s take our medicine, swallow the bitter pill, and see if we can rebuild our credibility, over time, in the eyes of the rest of the world.

If we don’t – if we, instead, do as we always done, and kick this can down the road further, and allow ourselves to be deceived and deluded into believing that we, somehow, have a “handle” on all this – then the fall will only be less controllable, more painful, and possibly fatal to our very existance as a shining “city on a hill.”

No more debt ceiling increases.  Let’s just default.  Get it over with.

National collapse, and the prospect of plunging not just us but the entire world into interminable darkness, would be so much worse.


Steve Shute is the Executive Director of the Hope for America Coalition.

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