sorry, but the Federal taxpayer shouldn’t bail out the failed states-—the ones causing the worst defecits. The smaller states want to address their budget deficits but the larger ones hope that the Feds pay their bills.
How do you define “worst deficit”? California has 10% of the population of the country, so our debt, in absolute dollars is the highest, but if you do the math, on a per capita basis, we aren’t the worst. California is also a net Federal tax “looser.” That is, we get less than a dollar back for a dollar sent to Washington while places like Mississippi have the reverse situation. So in a real sense, we are actually paying your bills, if you, in point of fact, are living in one of the states that get more from the Feds than you spend. So it is specious on its face to single out the “larger ones” for your retribution. And, just so you know where I am, I don’t want anyone other than the residents of each state to be held responsible for their own state’s debt. I also am not at all sure that the “smaller states” want to address their indebtedness more or less than the so-called “larger ones.” Lastly, it would be a disaster for the country as a whole to have Zero and his bunch print money to bail out any state. And you can bet that he would have to underwrite all the states if he started down that road. I guess guys like you stick in my gut because you practice the “blame game.” We are all in this problem together, so it really pisses me off when people of your ilk see California being cast adrift as a just and noble idea. In our sorry financial condition, we are still the seventh largest economy in the world by ourselves. Do you really want to have that economic strength go into the crapper?