Comments on: Sovereign Default

By: Mikey McD

Mikey McD — Fri, 16 Apr 2010 18:05:15 +0000

Great post -”Why is it considered to be a binding agreement when perpetrated by government?”
Governments live by different “rules” (morals- or lack thereof)

When Madoff was asked how he devised such a scheme he said,”I learned it from government.”

By: Van

Van — Wed, 09 Dec 2009 23:52:10 +0000

Id like to agree, but Subject authorized Sovereign to represent him, no? Remember democracy? And the dirty secret of democracy – if you vote at all, you’re morally bound to the result even if your favorite didnt win.

Unless you’ve NOT voted at all, you’ve lent your authority as a citizen to the creation of that debt. Every election cycle in which you’ve voted, any additional national debt that was incurred during the next 4 years by that administration is partly yours.

And though we as children did not authorize the debts of our parents, if we accepted inheritance of their worldly estates then we accepted their debt obligation as well.

I have the utmost respect for the ideal that Rand’s Galt represented, but we have no moral escape from this. The deadbeat door, and all the shame that it rightly imparts, is our only practical exit now.

Except for me. I stopped voting for my sovereign candidates years ago. I’ll accept my share of Clinton’s national debt legacy because I foolishly voted in that election, but before and after I wasnt involved. So this mess aint mine!

By: left coast rebel

left coast rebel — Thu, 13 Aug 2009 21:23:08 +0000

Love the blog, could you blog roll me?

By: Mary Sullivan

Mary Sullivan — Thu, 13 Aug 2009 19:52:57 +0000

AMEN!

By: keyboardjockey

keyboardjockey — Thu, 13 Aug 2009 16:30:35 +0000

I get knocked down but I get up again.

Great Post I posted the link for others to read.