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  • Maybe it's tempting to stick it to public unions and fat pensions, but the idea of enabling states to declare bankruptcy is a "dangerous" idea that would roil municipal bond markets and create more problems than it solves. Politicians already have the power to fix these issues - they just have to use it.  [View news story]
    Horse feathers. It's not going to happen. It's all republican political rhetoric. If a company like GM fails and the pain is to great, the prudent thing to do is to bail them out. If sovereign States go bankrupt, the game is over it's time for Depression 2. No rational person would risk that.
    Jan 24 10:51 PM | 2 Likes Like |Link to Comment
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