View Single Post
#17
Old 02-20-2013, 07:29 AM
Xygonn Xygonn is offline
L11: My Level Goes to 11
  • Aug 2010
  • 6,905
  • 21 Xygonn is finding his bearings
  • 0
Quote from HEATBaller View Post :
California out of Cash
Detroit out of Cash
USA out of Cash

Wall Street doing better than ever, Stock Market about to reach new record high previously set in 2007, Corporations raking in record profits. Hmmm.

wake up people its a false choice you don't run a government like you run you home finances. A clever false narrative that Americans are waking up to.
States are certainly difference than the Federal Government. States cannot coin their own money. States cannot force the Fed to buy their bonds. So state DO need to balance their books. Otherwise they end up repudiating debt (which has happened before) and farking the whole state economy for several years.
If I appear to be ignoring your posts, it's probably because you are on my ignore list.

Xuéxi zhōngwén