It must be nice to live in a black and white world. The use of credit is a necessity. Try living without it. Do we have too much debt. YES, we do. But austerity doesn't work. It hasn't worked in Europe and it won't work here.
You did not mention austerity as a plan, but your previous rants seem to put you into that camp.
And you are correct our first choice is coming in November 2014. The opportunity to eliminate the "party of OBSTRUCTION" the TEA party The same group that would have defaulted on out debt. The Logic of that move still leaves me baffled. It defies credulity.
Austerity really means, "We are still going to rob you, but you get even less than nothing back"
Living without credit is possible, but it lacks the boom and bust cycles which aggregate wealth into few hands from the many and has turned the world from a cornucopia into a borrow to pay as you go for continually more damaging and more inferior basics of sustenance provided for consumption of the masses to create more efficiency in the system that controls the masses.
The 'Fed' is not a federal government institution, it is a private enterprise, a cabal of banking families (mostly not 'American') that has been given monopolistic control over the nation's system of debits and credits. It is NOT looking after your best interests, nor even the country's best interests. It looks out for it's own. Sometimes that will benefit you, or your country, and sometimes it won't. But it is always, and has always been the scam of the century.
You seem to make assumptions from a podium of ignorance, lonesome polecat isn't really doing much more of a service to his fellow man. He knows something is terribly wrong, and he can spot the tumors, but he just doesn't seem to know how they got there, and why... Or he just gave up on trying to explain a subject that is entirely too complex for most average people to fathom, let alone do it in 4000 characters or less.