3464
<----- Number of people who want to see Blue States file for bankruptcy instead of getting a bailout from the Feds DRAIN THE SWAMP
posted ago by McFatty7 ago by McFatty7 +3464 / -0

The plan was to spend your tax dollars importing illegal voters and have their treasuries replenished by using the 2020 Census.

This virus derailed those plans, which have resorted to Governors asking their Senators to sponsor legislation to bailout State & Local governments for their years & years of budget mismanagement.

NO NO NO to bailouts. Let them rot in bankruptcy ....AND LOWER YOUR FUCKING TAXES!!!

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– MehNahMehNah 6 points ago +6 / -0

From 2016 not sure how that works?

The short answer is that a state cannot file bankruptcy. All bankruptcy law is federal law. Although federal law says that people and corporations can file bankruptcy, no federal law says that a state can file bankruptcy.

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– deleted 4 points ago +4 / -0
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– MehNahMehNah 3 points ago +3 / -0

So poorly managed states just walk away from their bad decisions?

I mean, bankruptcy is for protection from creditors (no one knows this better than GEOTUS and that's not a slam against) but if the Federal government is being forced into decades of deeper debt by printing trillions of dollars of future money, is it right to let states not share in that burden?

It's the old school Ron Paul Libertarian coming out of me. Not to be confused with the idiot current version of the party.

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– Tryhardneckbeard 3 points ago +3 / -0

Whoa there fat, when you declare bankruptcy, there be some serious penalties levied on ya for sure.

i.e. Divorce.

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