
Stop the State Bailouts Before They Start "California already came to Washington asking for an $8 billion bailout last year. The spendthrift 111th Congress said no. At a bare minimum the 112th Congress should hold the line and refuse to bailout any state government. Instead, Congress should consider a way for states to file for bankruptcy or its fiscal equivalent. While such a law would raise some serious federalism issues, as long as states are allowed to enter into bankruptcy voluntary, it could be constitutionally acceptable. But David John warns"...
![]() |
http://terrellaftermath.com/ |
No comments:
Post a Comment