4 ms·
"Okay this state had to pay a total of $200 million to the families of people who successfully sued for wrongful death." What's the solution? If the state can
by csense 6y ago
"Okay this state had to pay a total of $200 million to the families of people who successfully sued for wrongful death."
What's the solution? If the state can't afford $200 million, and it can't raise taxes without legislature or voters, it has to either (a) borrow $200 million or (b) cut spending for something else by $200 million.
If you borrow $200 million, whoever's lending you $200 million will want some interest. If you make some sort of law that you can't charge interest for money you loan to states to make these payments, nobody will want to lend money to states in this situation.