When governments large and small use Keynesian economics and violate the property rights of citizens, bad things happen. Hundreds if not thousands of municipalities, and states as well, are going broke. As you can read here, a city official of this small Michigan town said they'd hang on until the doors were "shut, locked, barricaded, and bolted."
This is just a preview of the entire country. As China, India, Russia, Brazil and dozens of other countries lose their appetite for U.S. debt, the U.S. inches closer and closer to insolvency. Get ready to mow empty lots, dispose of garbage, put out fires, and police your own streets. It's going to get ugly.
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