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Does the Auto Industry Deserve To Be Bailed Out?

Well thought out and presented "miken"... excellent post. I would also add that any State unable to present a 'viable' plan should be forced to merge with an adjoining State to save money on State governmental costs. If one governing body can run a State the size/population of California... shouldn't we then combine other states to approximately the same size for cost efficiency? We would combine WA, OR, MT, UT into one State and save the cost of Three (3) State governments!!!
Think of the Savings nationwide if we decrease the number from 50 states to maybe 16!


On Nov 22 10:40 AM miken wrote:

> California is facing a $22.2 billion budget deficit in 2009. Massachusetts
> is $1.2 billion, Alabama is $784 million. I think Nancy Pilosi, Maxine
> Waters, Barney Frank and Senator Shelby should be required to do
> the following:
>
> 1. Submit a plan to the tax payers of their respective states, and
> to the American people that would eliminate the debt in their respective
> states as well as the U.S. debt.
>
> 2. Until such time as these debts are eliminated, they will give
> up all preferential parking at airports.
>
> 3. Receive a salary of $1 per year.
>
> 4. Be required to introduce a bill to eliminate the governmental
> air fleet (including Air Force 1).
>
> 5. Plan on having their generous retirement program turned over to
> the PBGC and be capped at $3500 per month.
>
> I mean, if it's the thing to do for a company that is $50 billion
> in debt, why wouldn't it be appropriate for a country that is $11
> trillion in debt.