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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If New York, which has court mandated full pension funding and an income tax based revenue scheme, declares bankruptcy, other states aren't safe. I don't see any functional difference between 50 states declaring bankruptcy and the country.
oh interesting! I had not known this about New York. Ty!
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