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national bankruptcy

These posts deal with the topic of the national bankruptcy of the United States of America.

Plan for National Bankruptcy of the U.S.A.

Submitted by charliehiphop on Tue, 2008-09-23 08:38

(This is a long, serious post about how Uncle Sam should just man up and admit that he's broker than broke. Then Uncle Sam should roll up his sleeves and do what CharlieHipHop suggests -- as he should've 20 years ago instead of being a stupid, stubborn jerk. Skip to the comments for the funny stuff. It's all serious EconoPoliticoBlahBlah from here until then. You have been warned.)

Whether or not the bailout proceeds as planned, the United States of America is bankrupt. The sooner we come to terms with this reality -- and begin to plan accordingly -- the better.

Before I show you how a bankruptcy might work, let me strengthen the case for its inevitability. Read it all

The U.S.A. is Bankrupt

Submitted by charliehiphop on Mon, 2008-09-22 09:35

The fact is, America faces national bankruptcy

Handle the reality of insolvency, or suffer the consequences.

[Update 1-31-2009: It's funny. When I first posted this, it was on top of all the search engines for a whole bunch of terms like "Is the United States Bankrupt?" and "American Bankruptcy" and those sorts of things. Now it's not even on the front page. The reason? Lots more competition for those search terms. I suspect that by the end of 2009, permutations of the phrase "U.S.A. Bankrupt" will be commonly heard.] Read it all