How is it that States can be bailed out? They are sovereign in our constitution and must live within their means. Having the Federal government confiscate from one state and give it to another based on some back room negotiation in DC is a mafia action. Borrowing money from China to pay for it or even from citizens is still mortgaging our children's future. Ponzi had a scheme, but it did not end well..
How is it that States can be bailed out? They are sovereign in our constitution and must live within their means. Having the Federal government confiscate from one state and give it to another based on some back room negotiation in DC is a mafia action. Borrowing money from China to pay for it or even from citizens is still mortgaging our children's future. Ponzi had a scheme, but it did not end well..