https://www.foxbusiness.com/politics/these-american-states-are-drowning-in-irretrievable-debt
Five states who are truly underwater, mostly due to unfunded pension plans. In the private sector folks would be going to jail.
California
Connecticut
Illinois
New Jersey
New York
Hopefully GOPe will not go along with the next step. Bailout. Let them declare bankruptcy and deal with reality.
Very true, I want to see Ca investigated over this, they were warned more than 30 years ago this was a lit fuse but the Dims saw Union growth and Marxist policy as a means to an end for their Utopian dream, and all funded by the taxpayer to achieve socialism in the most populous state.
They think the Fed can't let them fail and are counting on that bailout.
If Trump were to investigate, he'd discover they've been playing a seriously corrupt game of hiding the pork. They've been robbing Peter to pay Paul, while Paul loans Peter the funds to support the scam.
All the while the debt keeps rising and they hide it in a very creative bookkeeping system that they keep in private from prying eyes.
Quote from: Solar on July 29, 2018, 06:26:11 AM
Very true, I want to see Ca investigated over this, they were warned more than 30 years ago this was a lit fuse but the Dims saw Union growth and Marxist policy as a means to an end for their Utopian dream, and all funded by the taxpayer to achieve socialism in the most populous state.
They think the Fed can't let them fail and are counting on that bailout.
If Trump were to investigate, he'd discover they've been playing a seriously corrupt game of hiding the pork. They've been robbing Peter to pay Paul, while Paul loans Peter the funds to support the scam.
All the while the debt keeps rising and they hide it in a very creative bookkeeping system that they keep in private from prying eyes.
They will keep up the charade as long as they can find leftists who will make bad loans to the state.
Quote from: supsalemgr on July 29, 2018, 08:12:28 AM
They will keep up the charade as long as they can find leftists who will make bad loans to the state.
Well, Union money is drying up, (Thank You Trump) so they'll be forced to cut back on many of their leftist programs.
The Green energy scam was a huge bottomless pit to steal money, that's another prog I hope Trump tackles.
Quote from: Solar on July 29, 2018, 08:22:50 AM
Well, Union money is drying up, (Thank You Trump) so they'll be forced to cut back on many of their leftist programs.
The Green energy scam was a huge bottomless pit to steal money, that's another prog I hope Trump tackles.
I love that the EPA is going to start making those studies public. It's so funny that the libs don't want those studies to be released because it kills the scam.
Quote from: taxed on July 29, 2018, 09:35:30 PM
I love that the EPA is going to start making those studies public. It's so funny that the libs don't want those studies to be released because it kills the scam.
Like light and cockroaches, the left hates when people are allowed to view their activities in the public sphere.