“It would be wise for the president and others in Washington to focus on balancing their budget, which they are a long ways from doing.”
!
Difference is Obama can get Bennie to print more bucks (all the while debasing the dollar, causing inflation) and the States cannot.
The States that are in trouble should print up ‘I.O.U.s’ to their government employees when the revenue does not meet expenses. Raising taxes only causes the ‘makers’ to leave.