Stockman has been saying this for years/decades, but it still hasn't happened. He'll be right eventually, but who knows when.
>> Democrats .. will not support a debt-ceiling increase <<
When have the Dems ever stood in the way of raising the debt ceiling? It's always been the Tea Party who puts up token resistance. But in the end Congress will always raise the debt ceiling because they don't have any choice. The alternative is to let the US go into default on its national debt, ala Argentina.
The US will keep the dollar printing press going until the IMF/SDR global bailout, which is the planned successor to the dollar reserve system. It's possible that may be coming soon, but who knows?
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