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ironhorsedriver
01-21-2011, 07:41 AM
Could this open up a can of worms? Would the States have to give up sovereignty to do this?
http://www.nytimes.com/2011/01/21/business/economy/21bankruptcy.html?_r=1&src=busln

megimoo
01-21-2011, 08:25 AM
Could this open up a can of worms? Would the States have to give up sovereignty to do this?
http://www.nytimes.com/2011/01/21/business/economy/21bankruptcy.html?_r=1&src=buslnI doubt that it would be a total default.They will cut back on services to make the people moan and then raise taxes when the outrage over cuts gets high enough.'samo-samo', Business as usual with the bloated government !