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To: george76

Can’t they just Raise Taxes???

This is when Thousands of Lawyers start brushing up on Chapter 9 of the Bankruptcy Code. Lots of States are poised to go bankrupt and hopefully wipe out their unsustainable PENSIONS!!!


24 posted on 04/12/2020 9:53:20 AM PDT by eyeamok
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To: eyeamok

“Can’t they just Raise Taxes???”

Raise taxes or “rendition” some seniors...oh...wait...


35 posted on 04/12/2020 10:13:43 AM PDT by PGalt
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To: eyeamok

The problem is that states themselves cannot declare bankruptcy, just subdivisions thereof. Congress would need to amend the code first.


37 posted on 04/12/2020 10:20:10 AM PDT by socalgop
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