Comment: Either way you're paying for this.

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Either way you're paying for this.

I believe most of you are honest in criticizing Rand here. The national debt is one of those grave injustices that Hamilton left us with. And it is perfectly right and just to criticize it.

But either way you're paying for this. If the government pays it off with inflation or taxation, you're paying for it. If the government defaults, you're paying for it with huge costs of fiance and a drastically reduced economy.

There is no "sticking it" to anybody by defaulting. The bankers can just charge more interest when you want to buy a home. The Chinese can simply dump our bonds on the market.

Maybe it is naive for Rand to think that government can be forced to curtail spending? But at least he is trying to do that.