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: Instapundit.comTHOMAS SOWELL ON WHAT SHOULD HAPPEN WHEN BIG-SPENDING STATES RUN OUT OF MONEY: ?They should go bank?
By Glenn Reynolds
THOMAS SOWELL ON WHAT SHOULD HAPPEN WHEN BIG-SPENDING STATES RUN OUT OF MONEY: “They should go bankrupt. I’m looking forward to it.” It’ll hurt people who have relied on their promises to pay. But so did what was done to the Chrysler bondholders.
Full post as published by Instapundit.com on January 24, 2011 (boomark / email).
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