Monday, August 1, 2011

US Debt Ceiling: 'Selective Default' Only Solution to US Debt: CIO - CNBC

US Debt Ceiling: 'Selective Default' Only Solution to US Debt: CIO - CNBC

"It's incredibly frustrating to watch this slow train wreck taking place. All we have are incremental solutions to the problem and that's no good anymore. You need some very drastic solutions to shift America out of its paradigm because it's being chased by a hugely powerful China," Murrin said in an interview.

"The only solution is the unthinkable and that is selective default. They will default whatever happens why not choose your default?" he added.

Everybody gets it. This settlement leave the default to the Libs.

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