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: Instapundit.comSO ARE THINGS WORSE THAN THEY?RE LETTING ON? State Bankruptcy Option Is Sought, Quietly. ?Policy m?
By Glenn Reynolds
SO ARE THINGS WORSE THAN THEY’RE LETTING ON? State Bankruptcy Option Is Sought, Quietly. “Policy makers are working behind the scenes to come up with a way to let states declare bankruptcy and get out from under crushing debts, including the pensions they have promised to retired public workers.” Well, why should retired public workers be any safer than Chrysler bondholders? Some of them were retired, too.
Full post as published by Instapundit.com on January 21, 2011 (boomark / email).
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