Well which auto companies took the bailouts and were "saved" by the government and which one wasn't? Care to guess which ones are still floundering and which one is doing well?
You think the solution is to continue to reward poor management/decisions for some but simply make it at the entire nation's expense? Or rather those roughly 50% or so who still pay taxes?
Cause I don't support that plan. No siree. Actions have consequences.
"Some people spend an entire lifetime wondering if they made a difference in the world. But the U.S. ARMED FORCES don't have that problem." ........Ronald Reagan
“Men are so simple and so much inclined to obey immediate needs that a deceiver will never lack victims for his deceptions” Machiavelli
States: The Next Strategic Defaultershttp://www.realclearmarkets.com/articles/2010/07/06/states_the_new_strategic_defaulters_98557.html
Is there no end to your support of bailouts? When do we hold people accountable? When you subsidize failure you get more of it.
Every citizen of the state is responsible, no?
They chose who they elected. They made the unsustainable demands. Now they should work together to fix things.
How is it the responsibility of someone living in another state to pay their pensions? Seriously.
Take responsibility for yourself for a change and stop looking in someone else's pocket when your choices fall short.
You know, I think I sort of felt the same way about that myself back when there was discussion of red states/blue states back before the 2004 election.
I kind of wonder what might happen to the dollar in the event of a bankruptcy of a state the size of, for example, California. Given the market swoons that the hit the Euro when tiny little Greece (economically speaking) was on the brink...
I could imagine that borrowing costs for the fed could go through the roof, which would definitely have an impact on the deficit, or?