places like California and New York are likely to go bankrupt probably within the next couple years they keep blowing out the spending more than the federal government does and they don’t seem to be able to pay back their debts. Example of California is a large sum of money to pension funds which I promise to do and yet nobody’s getting their pensions. Where as responsible states like Florida and Texas who don’t blow out there spending and are fiscally responsible are likely to thrive and not go into bankruptcy why should states like Florida and Texas bail out New York and California. It’s not their responsibility it’s not the federal governments responsibility we live in a federalist system not a central government system if one state wants to go into massive debt and bankrupt themselves that’s their own prerogative that’s not the rest of the country’s prerogative
Why should financially responsible states like Florida and Texas bail out financially irresponsible states like California and New York?
places like California and New York are likely to go bankrupt probably within the next couple years they keep blowing out the spending more than the federal government does and they don’t seem to be able to pay back their debts. Example of California is a large sum of money to pension funds which I promise to do and yet nobody’s getting their pensions. Where as responsible states like Florida and Texas who don’t blow out there spending and are fiscally responsible are likely to thrive and not go into bankruptcy why should states like Florida and Texas bail out New York and California. It’s not their responsibility it’s not the federal governments responsibility we live in a federalist system not a central government system if one state wants to go into massive debt and bankrupt themselves that’s their own prerogative that’s not the rest of the country’s prerogative
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