IT WOULD BE BETTER IF NEW DEMOCRACIES SIMPLY REPUDIATED ODIOUS DEBT...:

Administration announces Afghanistan debt deal (MARTIN CRUTSINGER, 03/17/10, AP)

The Obama administration says that the United States has reached an agreement with other countries to cancel $1.6 billion in foreign debt owed by Afghanistan to creditor nations and international lending organizations.

...rather than bargain as if the lenders had a case for repayment. But we'll give the UR at least a partial credit on this one.

Posted by Orrin Judd at March 17, 2010 12:41 PM