Michael Hudson on debt repudiation

Every since the disaster that is neoliberalism got rolling in the 1980s, folks of good will have discussed various forms of debt restructuring.  At first, these discussions were limited to the poorest of the third world nations that had gotten themselves into terrible economic fixes usually because of some horrible and utterly corrupt dictator. Now it seems the sort of corrupt government and economic policies once associated with places like Haiti can be seen in good old USA.  And so we see a smart guy like Hudson discussing why debt repudiation should also come to USA.