I've been an advocate of the Tea Party movement adopting such a platform.
On Notice: When we win, we will REPUDIATE ALL US DEBT incurred since Jan 2009.
The interest on the 10 yr bond would go to 10% overnight...and 12-20% on the 30yr. Even then there would be far to few takers.
Hey world! You're on notice. The PEOPLE of the United States of America WILL NOT HONOR the national debt. We can't, we won't afford it.
Yup. I think you’re being a bit conservative on what the interest rate would go up to. James Carville commented famously on the bond markets; we should thank him for his observation :-)
This doesn’t end until the checkbook is ripped from their hands.