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This really ends one of two ways. Either California's defaults on it's unfunded pension liabilities and screws a whole generation of government workers, or ther
by infamouscow 13d ago
This really ends one of two ways. Either California's defaults on it's unfunded pension liabilities and screws a whole generation of government workers, or there's a federal bailout and people in states like Texas and Florida stop paying federal taxes.
- clipsy 13d agoWhy is it that you consider the possibility that Texas and Florida will "stop paying federal taxes" (how?), while omitting the possibility that California itself will do the same rather than defaulting?
- infamouscow 13d agoIf California stoped, I believe that would trigger red states to do similar in protest. I don't think Texas and Florida would be the only ones. It's a different situation entirely when one state stops vs when multiple states stop.
- clipsy 13d agoIt doesn't seem like you have anything to justify these (pretty extreme) claims, bluntly.