Some in Congress have suggested it’s OK if America defaults. I find that stunning. The last major industrial nation to default was Argentina back in December 2001: its currency lost 75% of its value, inflation surged past 100%, unemployment topped 25%, and most families lost more than half of their net worth in a matter of days. Obviously, America is in a stronger position than Argentina — but why would we willingly even come close to this kind of economic catastrophe?
I never got to vote for Mark Warner to be my governor but I am glad I voted for him in 2008 and I will definitely for him again next fall. This is what statesmanship looks like.