- Joined
- Feb 28, 2013
- Messages
- 1,285
- Reaction score
- 566
- Location
- Southwest AZ
- Gender
- Male
- Political Leaning
- Conservative
Governments cannot declare bankruptcy IMHO, governments should always pay their way. If a company goes into business with individuals and/or companies he knows he always runs the risk of not getting paid due to bankruptcy risks, but a company should always be able to count on getting paid by government in any shape or form.
Governments have to pay their way, always and in all situations and not weasel out by declaring bankruptcy.
It sounds like you are saying that government has a green light to happily live far outside their means, mismanage their finances and tax/spend to oblivion. In other words, not be responsible for being stupid. I think governments should also have the right to declare bankruptcy, but it should be followed by requirements of the heads of whatever state to spend 10 yrs in prison right in there with the general prison population. Not in the tennis club confinements these types typically get. This predicament is the result of liberal government practices... give the whiners what they want , tax the people who work for a living to death and party hardy into the night.