Instapundit » Blog Archive » DAVID SKEEL: Give States A Way To Go Bankrupt: It’s the best option for avoiding a massive federeral bailout…
"Although bankruptcy would be an imperfect solution to out-of-control state deficits, it’s the best option we have, at least if we want to have any chance of avoiding massive federal bailouts of state governments.”
VERY INTERESTING!
Especially if we consider the municipal debt that will sink our cities and counties.
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