Now if you and I postponed paying our bills, we would be forclosd upon, or our interest rates would go up to 30%. We need to let cities and states declare bankruptcy and move on. How will lawmakers realize that you can't borrow what you don't have.
New York state delayed paying $2.5 billion of bills...
"This is the third time since December the cash-poor state has withheld funds."
"They are feuding over how deeply to slash health and education programs."
Well, how much do they cut entitlement programs is the question. Cut some and they may loose voters. Cut too much and they loose voters and have riots on their hands (i.e. Greece). Don't cut enough and they are still in financial trouble. Let's see what they do. My bet is they cut a little and need to cut more later. They don't want to loose voters before November elections.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment