Reproduced from QUORA
Jim Tozzi
Former Assistant Director at Office of Management and (1972-1982)
Ray Dalio warns debt crisis is ‘imminent’ Fortune
Implementation
A close read of the this link demonstrates that there is little chance that a sitting President will admit that the US is on a track to bankruptcy. [NB In theory the US Government will never go into bankruptcy because it will simply print more currency and allow rabid inflation take its toll.] The real question is whether a party leader would announce in the off season that conventional Debt Restructuring accompanied by: