ResearchMonkey
Well-Known Member
Hidden in the lines of the NYT.
.....and there it is.
Now if we can get a few more states in need of "oversight panels" the end of the Republic will be at hand.
Path Is Sought for States to Escape Debt Burdens.
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But proponents say some states are so burdened that the only feasible way out may be bankruptcy, giving Illinois, for example, the opportunity to do what General Motors did with the federal government’s aid.
Waaay wrong answer. That was union blow job paid for by us..<s>
But proponents say some states are so burdened that the only feasible way out may be bankruptcy, giving Illinois, for example, the opportunity to do what General Motors did with the federal government’s aid.
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Lawmakers might decide to stop short of a full-blown bankruptcy proposal and establish instead some sort of oversight panel for distressed states, akin to the Municipal Assistance Corporation, which helped New York City during its fiscal crisis of 1975.
Lawmakers might decide to stop short of a full-blown bankruptcy proposal and establish instead some sort of oversight panel for distressed states, akin to the Municipal Assistance Corporation, which helped New York City during its fiscal crisis of 1975.
Now if we can get a few more states in need of "oversight panels" the end of the Republic will be at hand.

