States might have to file bankruptcy
- Thread starter Crazyhole
- Start date
Declare bankruptcy when the people are the creditor? Not sure how that would work. It might be kind of hard to sell t-bills at that point.
Not anymore. The FED is the only buyer of t-bills now and they're buying back foreign held ones already. We're basically on the hook already for all of our debt and then some.
How dare you, no one could have handled this better in any way than Trump. You can't blame him because he's been perfect every step of the way.
Maybe it allows them to renegotiate all of their contracts and future allocated funding?
No, Trump starting listening to the left, and we went to hell in a handbasket.
Idk. It would be like declaring bankruptcy and listing yourself as a primary creditor.
Seems more likely that the Gov't would default and see if anybody had standing in a lawsuit. What would the enforcement mechanism be though? I don't think its possible.
If Florida goes bankrupt, do we lose Jacksonville and the panhandle? I'll hang up and listen.
