This Business Insider seems like a lefty publication.
Can they really be worse at it than the federal reserve?
And dude, that is one scary picture.
How ‘bout we just trade it to Mexico for 24 bucks and some beads.
The preservation of the Union at the cost of what? Everything every other State and individual American has? For generations? No, the Union isn’t WORTH the freedoms we would have to surrender to save it — it wasn’t in the 1860’s, it absolutely is not now! If the Union cannot be preserved through Constitutional means, let the Union dissolve and another notion (or nations) be formed in its wake... Not a likely scenario — but ENOUGH of surrendering liberties just to empower and enrich WASHINGTON while they bankrupt and lord it over us!
no
So far California is issuing IOU’s without any consequences. That is surprising, and frightening - because indeed, CA has entered the currency business - and no one seems to care.
Bailing out California is not necessary for preserving the Union.
The State should declare bankruptcy. The resident’s of the state should have a Constitutional convention to review what went wrong, and start all over, quite possibly with serious consideration to splitting the state into three new states, North, Central, and Southern.
If they do it right, they just might save the country. Bailing out California would guarantee a perpetual bailout of California every other year.
Cheers!
Once upon a time we were only 48 states. We could still afford to lose a couple.
Isn’t it illegal for them to do that?
and it would not be a currency it would be scrip, worthless
Bailing out California would defy the very merits and value of: “You reap what you sow.”
Yikes!
Please, no body bail us out!
The social programs and the unions will never be eiminated or broken if there’s any bailout!
SORRY! According to the US Constitution, NO STATE SHALL MAKE ANYTHING BUT GOLD AND SILVER COIN LEGAL TENDER. Has that been amended away yet? NO!