Sooner or later there will be a Federal bailout.
Take it to the bank.
They will whip-up a “sky is falling” panic, just as they did for the banks in ‘08.
At the end of the day most Republicans will vote for it.
The bailout may be attempted but the problem is that you aren’t talking about one single state, or even two. Right now, I can see five to six progressing to the point where lenders won’t cooperate and they have to seek the only help left.
In this case, the remaining states, particularly red states....will ask for several changes to occur (like pension programs have to be altered or changed via some in-house state constitution), that salaries for employees has to be cut by one-third (minimum), and the books have to be opened up.
In the case of California, I don’t think they are willing to attempt any of those conditions, and they be left there to fail.
I agree. Just a matter of time.
At the end of the day most Republicans will vote for it.
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Yep. They always do.
GOP - Gutless Old Party.
And that would be brain-dead stupid and morally wrong, making the rest of America pay for their lack of fiscal discipline. Any Senator or Congressman voting for this deserves to hang for the re-institution of slavery - demanding that we work for the financial gain of others. Not "no", but "HELL NO!!!!!!!!"
I don’t know. I think that might be the day violent revolution begins. Politicians might think they can do anything they want, but there is a point at which the people say “no.”