IF this goes through ...
Path Is Sought for States to Escape Debt Burdens
http://www.nytimes.com/2011/01/21/business/economy/21bankruptcy.html?_r=1
We have seen overseas what happens when " government money " ceases to flow .
" When you suck on the government tÍt , and you find it's dry .
The usual next response ?
The people who are doing the sucking ... start to bite . "
Karl Denninger 2-25-2010
Path Is Sought for States to Escape Debt Burdens
Bankruptcy
http://www.nytimes.com/2011/01/21/business/economy/21bankruptcy.html?_r=1
We have seen overseas what happens when " government money " ceases to flow .
" When you suck on the government tÍt , and you find it's dry .
The usual next response ?
The people who are doing the sucking ... start to bite . "
Karl Denninger 2-25-2010