Posted on 04/26/2018 10:28:28 AM PDT by SeekAndFind
This should be a fun problem to watch next recession that hits
- States can’t declare bankruptcy
- States rapidly hemorrhaging revenue
- Debts and costs continue to increase
- Government worker unions raise holy hell on the public
- States find no one can or wants to pay increased taxes
how to solve that problem??
That's why a central bank, with fiat, printed money, and that centrally plans interest rates is the absolute necessary foundation of progressive-left government and the basis of tyranny.
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If we’re saying union contracts, or political realities make it impossible to take certain actions, then we will crash land some years from now
The same concepts apply to funding Social Security.
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SS/MediXYZ are illegal, unconstitutional Ponzi schemes. Why’d anyone WANT to ‘balance’ ‘em?
Least the pensions have SOME semblance of legality; even though the conflict of interest, collusion and conspiracy to raid the local treasury would get most people YEARS @ club-Fed, were it the REAL world...
It should be PIGS not just Greece.
Portugal
Ireland
Greece
Spain
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