be a real Shame if the state's had to borrow at rates reflecting their expected likelihood of repaying their debtpic.twitter.com/k5lOCP4CTV
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badly written prompt should be "If the alternative were bankruptcy would you want . . ."
As much as I hate NYC, if we bail out banks and corps we might as well bail out NY but there would have to be stipulation, which might be hard to work out because of constitutional conflicts
We bailed them out in 1975. Instead of learning a lesson and being more prudent with budgeting, they just got worse. They've almost completely driven out the middle class. It's now very upper, upper middle class, the exceedingly rich and people who require government assistance.
Bid out New York's obligations to a publican, and grant them complete latitude and authority to collect it as they see fit.
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