Liberties' Response to Government Debt: Pay Back or Repudiate?

"The recent debt ceiling debate is a glaring example of the legacy left by Keynesian economics. Debates over America’s debt are certainly nothing new either. We have become overly dependent upon government, which is unreliable itself, and we need to recognize this. For example, today’s document is a short clip from, what appears to be a magazine in 1957 asking, “Is America bankrupt?”"