It is a sad situation when hard-working CEOs and money managers who make this country great must watch a bloated federal budget waste our hard-earned money.
Millions of Americans claim they are old, sick or laid off – and, instead of working for an honest livelihood, employ all their time begging for a government handout. They drive up the national debt with their dependence, and are responsible for the current budget mess we are in.
I think it is agreed by all parties that this prodigious spending is deplorable. So amid the current debate over the debt ceiling, I feel compelled to offer my modest proposal to fix our free-spending ways: a strategic default on our debt. It’s a strategy employed by many homeowners underwater on their five-bedroom homes in Las Vegas, and it’s one we should put to use on a national scale. It’s time we put an end to criticism for our past behavior and not allow ourselves to be held hostage by creditors. Read