When Grandpa gets to the point where he can no longer manage his affairs, the family steps in and takes over.
Our government is Grandpa. Bondholders are the family. Maybe its best if the family takes over Grandpa's affairs now. Its clear Grandpa is going downhill. Someone has to step in and stop the madness. Grandpa can't do it apparently.
When Grandpa gets to the point where he can no longer manage his affairs, the family steps in and takes over.
Our government is Grandpa. Bondholders are the family. Maybe its best if the family takes over Grandpa's affairs now. Its clear Grandpa is going downhill. Someone has to step in and stop the madness. Grandpa can't do it apparently.