Matt O'Brien writes in a June 23, 2015 WonkBlog, "Europe is destroying Greece’s economy for no reason at all"
What if, riding a wave of steady economic improvement, U.S. Democrats won overwhelming victories in 2016 at all levels, taking back not just both houses of congress and the presidency, but most state houses and governorships as well?
Then what if the Koch Brothers, Jimmy Diamond and the rest of the Republican ultra-rich money-lenders who now own a lot of the government debt convinced Japan, China and other countries that they'd better get their money back fast? "Everyone knows those tax and spend Democrats are about to drive the economy into bankruptcy with all of their giveaways." they'd whisper.
So what if then these foreign governments, who themselves hold about a third of U.S. debt, started telling us, "No. We will not accept you increasing taxes on business and the rich to pay back our loans. You must impoverish your citizens, let the sick go ahead and die without healthcare and allow widespread indentured servitude so that your citizens learn the value of keeping their word to pay back their debts."?
How would the people of this country react to such demands?