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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be a real Shame if the state's had to borrow at rates reflecting their expected likelihood of repaying their debtpic.twitter.com/k5lOCP4CTV
Letting the country declare bankruptcy, deepening the depression, and undermine the whole federal system to own the New Yorkers amirite folks
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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