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Non-Cattle Specific Topics
Every Thing Else Board
Should states be allowed to file bankruptcy?
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<blockquote data-quote="HDRider" data-source="post: 1628638" data-attributes="member: 17025"><p>Many states have bought votes with rich pension promises. Many of those pensions have been greatly underfunded for years.</p><p></p><p>I feel no obligation to bail out states that over promise, and under deliver. </p><p></p><p>I am not sure how bankruptcy would effects bond holders for that state debt.</p></blockquote><p></p>
[QUOTE="HDRider, post: 1628638, member: 17025"] Many states have bought votes with rich pension promises. Many of those pensions have been greatly underfunded for years. I feel no obligation to bail out states that over promise, and under deliver. I am not sure how bankruptcy would effects bond holders for that state debt. [/QUOTE]
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Non-Cattle Specific Topics
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Should states be allowed to file bankruptcy?
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