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1 posted on 04/08/2010 1:13:01 AM PDT by Palter
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To: Palter

A lot of hot air just to say:
The blue states are bankrupt. They have been for some years,
just borrowing from Peter to pay Paul. Anyone can name them.

O will not let them down.
The FED will (or already has) stepped in to purchase their debt and prop up their bonds. It is a wonder the States have not asked for the same deal that the banks have and converted all of their Bonds to FED debt at 0% interest.


2 posted on 04/08/2010 2:55:20 AM PDT by updatedscreenname
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To: Palter

And don’t cities also invest money for pensions and the like...in US Treasury bonds, for one?


3 posted on 04/08/2010 2:57:51 AM PDT by familyop (cbt. engr. (cbt), NG, '89-' 96, Duncan Hunter or no-vote.)
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To: Palter
Leverage in the municipal market comes from making future obligations to employees in order to pay them less now.

Thats funny. As if the state and municipal employees were underpaid.
4 posted on 04/08/2010 3:03:54 AM PDT by Kozak (USA 7/4/1776 to 1/20/2009 Reqiescat in Pace)
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