Usually I'm pretty happy to go in to any debate and argue for strong property rights and the importance of honouring debt agreements. However, at this point if

Usually I'm pretty happy to go in to any debate and argue for strong property rights and the importance of honouring debt agreements. However, at this point if the US government arranges some sort of default and anyone objects the responsibility really sits more with the creditors. The US government has been signalling that this headline was coming for ... Decade? Decades? Even if this isn't the most well telegraphed debt crisis in the history of the States it will be near the top of the list.