So it is responsible to gamble with other people's money and leave other families unprotected. Is that a NY value? Because here in the mountain west we have a different name for it.
It’s neither responsible nor irresponsible. Failure can happen. ‘Good’ businesspeople can fail in spite of their best efforts. Although things have deteriorated quite a bit in recent years- like situations with Solyndra. (That seems like it was actually a scam rather than a good faith effort to engage in and grow a business)
It’s become increasingly common for people to exploit bankruptcy since at least the 1980s (Remember the S&L bailouts?) but considering Trump’s many successful businesses & his personality, it seems highly unlikely that he had a cavalier attitude about them.
What Cruz did was reckless and indicated poor judgement, personally- which could predict his behavior in business or as a president, but it’s actually even more than that. Both Goldman Sachs and Citi received TARP bailouts (taxpayer money), IIRC. The taxpayers could conceivably end up footing that bill if he defaulted.
No, Cruz wouldn’t be defaulting to subcontractors or employees- hopefully anyway, but since when is running for public office a business?
Tell me. When a person starts a business, the object is to build it up & profit from it. How does that work when the ‘business’ is a political career & the source of that person’s income is the taxpayers & the connections that the average business owner doesn’t have? Does that seem right to you? Is that something the Founding Fathers had in mind?