The best policy is for the incoming Republican U.S. House to refuse to give the likes of California or New York a penny. A steadfast “No Bailouts” policy makes for better — and, perhaps, profoundly transformational — politics.
Post Tagged with: "state bankruptcy"
July 5, 2010 07:05
Then Sen. Obama’s home state stops paying bills
$5.01 billion. “This is what the state owes right now to schools, rehabilitation centers, child care, the state university — and it’s getting worse every single day,” Illinois’s comptroller, Daniel W. Hynes. “This is not some esoteric budget issue; we are not paying bills for absolutely essential services,” he says. “That is obscene.”
