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In the same way that many Americans are living pay check to pay check, I think it's clearer than ever that states are doing the same thing. People literally do
by grecy 7y ago
In the same way that many Americans are living pay check to pay check, I think it's clearer than ever that states are doing the same thing.
People literally don't have enough money if they don't go to work, and states literally don't have enough money to pay people (or businesses) not to go to work.
- PopePompus 7y agoYes, there will have to be a federal bailout, because the states cannot run deficits.
- cmurf 7y agoCounties, cities, can issue bonds and go into debt. It might even be a good investment for everyone involved. They'd probably pay more than the federal government, seeing as short term treasuries are now 0%, and thus while not free to finance it would be almost free.