To a pot, everyone else looks like a kettle.
Exactly what section of the bankruptcy code provides for a state to file bankruptcy?
IIRC, only cities and counties have that option. The state is stuck with the tab.
Perhaps, some legal eagle will weight in on this topic.
Every speck of this is about public employee pensions. McConnell is basically telling states that they can’t continue to promise public sector workers full benefits when everyone in the private sector will be taking it in the shorts. The budgets can’t be balanced without digging into those pension benefits and/or redoing public employee union contracts.
Either go bankrupt of tax the hell out of your citizenry. Good luck with that.
Hey Murphy, you PUNK...PAY YOUR OWN BILLS!! You are like the DRUNK at the BAR that wants SOMEONE ELSE to pay the exorbitant bar tab! GSY (GO SCREW YOURSELF)!!
McConnell is doing something very well, indeed, if Murphy is screaming like this.
If the US is forced into bailing out leftist states, the Republic is at an end.
Do it Dem! It just makes your recall that much easier. Murphys Law of Demasses!
“ Do you realize that if my state declares bankruptcy I could renegotiate all of the state employee salaries and pension benefits? Do you realize that I could then make my state solve it? We can’t have that!“
Governor mussolini doesn’t want to hear the truth
But without federal aid, Murphy said, states will be forced to “gut the living daylights” out of “the exact services that our citizens need right now.”
A million meticulously mantained soccer fields, recycling centers, too many police and fire departments, chiefs, superintendents, principals & teachers making high 6 figure salaries?
The governors are the one directing whether their state stays open or closed. They make the decisions, deal with it.
I like that blue state governors are going psycho over bond monies fleeing to safer states, long before changes to bankruptcy laws are made.
It dries up their muni bond market and drives up borrowing costs, and that is a huge plus.
“New Jersey might have to lay off an “historic” number of public workers”
Cops, After School programs, Kindergarten, Senior/Child nutrition will all be the very first things to get cut. Hit Mommy & Daddy in the gut to teach the rubes a lesson.
How Dare You question your betters.
Bankruptcy for the state, Nevaaah!
Bankruptcy for you peons, you betcha!
Why not it’s good enough for business to do so Governor. Lock down ahole.
Governor tip for you Don’t kill the goose that lays the golden eggs.
Instead of using bankruptcy to protect the fisc of the state, and with the state population already stretched thin with the economic shut downs, I guess Murphy instead must propose to raise taxes, raise the state’d debt, or both. Instead of getting the state some relief with bankruptcy, Murphy will eat up any economic recovery with higher state taxes and more state debt, I guess. You know he will not permanently shrink state government to make it permanently leaner.
You want them to stay home you should take a leave of pay yourself and stop whining about your decisions.
Hey New Jersey, pay your own damn bills.
Shed your sanctuary city status this should help put the tax payers money back into the coffers and spend it on Americans instead of your freeloading constituents