[quote=FlyerInHi]We should change state laws to make easier for munipalities to go bankrupt.
BG, i thought you support Trump. He likes to renegotiate contracts when debt holders from a position of strength to force them to take pennies on the dollars. If we can force pensioners to take less, then we have more money for services. What’s not to like about that?[/quote]
Clearly, you’re not thinking things through, Brian. If we made it easier for states and municipalities to go BK, what do you think that would do to bond rates? While the shills for the capitalists would like you to think that public employees are the problem, the majority of the fraud, corruption, and graft happens between public entities and private contractors. For large projects (and for regular spending, if there’s a deficit), govt entities almost always require bond funding. IMO, this could easily end up making things worse for these govt entities, not better.
