Step 1 - Run up deficits to preposterous levels - CHECK!
Step 2 - Have CDS rates spike monstrously - CHECK!
Step 3 - Have bond yields equally gap higher - CHECK!
Step 4 - Blame speculators and short sellers - CHECK!
Step 5 - Threaten default - CHECK!
Step 6 - Get Bailout - Check!
Step 7 - Screw tax payers with austerity and higher taxes - CHECK!
Step 8 - Continue to ruin economy by running up debt - CHECK!
Step 9 - Take the money and Default anyway - CHECK!
Step 10- Have new bankers come in 10 years from now and do it all over again - CHECK!
OK. I forgot that.
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