Which Way, L.A.?
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.
By Warren Olney • • 1 min readThe 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.
The full episode
3 of 3
19th Century Remains Remind LA of Its History- 0:0019th Century Remains Remind LA of Its History
- 18:54Lockyer Blasts Bankruptcy Idea for States
- 25:03Should States Declare Bankruptcy?You’re reading this
The full episode
3 of 319th Century Remains Remind LA of Its History- 0:0019th Century Remains Remind LA of Its History
- 18:54Lockyer Blasts Bankruptcy Idea for States
- 25:03Should States Declare Bankruptcy?You’re reading this