FROM John Weingart
Should States Declare Bankruptcy? The federal deficit is disturbing, but Washington can print money. The states have to balance their budgets, and the total of shortfalls around the country is at $82 billion. Nobody wants to raise taxes, and even massive cuts aren't likely to make up the differences. As we've just heard, bankruptcy has been suggested.
Should States Declare Bankruptcy? The federal deficit is disturbing, but Washington can print money. The states have to balance their budgets, and the total of shortfalls around the country adds up to $82 billion. Nobody wants to raise taxes and even massive cuts, which threaten the sick, public schools and infrastructure, aren't likely to make up the differences. What about bankruptcy? Currently it's against the law, and even talking out loud might disrupt the municipal bond market. Forget about any federal bailout. The conservative movement sees a chance to shrink government once and for all. We hear which states are the worst off and how their decisions might shape the United States for years to come.
Nuclear crisis on the Korean Peninsula slowly coming to a head North Korea did not conduct a nuclear test this weekend, but it did show apparent progress in developing a missile that that could strike the United States. The Trump Administration says it has lost its "strategic patience." We hear what that might -- or might not -- mean for North Korea, China and the prospects for diplomacy.
Trump's ethical conflicts pile up as transparency diminishes President Trump's refusal to reveal his income tax returns is just one example of a lack of transparency that could be hiding conflicts of interest. Other conflicts are already obvious from his appointments. And he's being sued for using his job to increase his profits.