Quote:
Originally Posted by ThirdOfFive
I agree that nobody is going to bail us out as a country. But there is another aspect of this that seems troubling. We are The United STATES of America. Media always emphasizes the doom-and-gloom aspects of everything, so we automatically have to wonder if what we're hearing is the truth, but we're hearing more and more about this-or-that large northern city or coastal state spending themselves to the verge of bankruptcy.
So...who bails out said cities or states when they DO eventually tumble off that particular precipice?
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I thought that already happened in Detroit and Stockton. I just assumed that the Federal Government is bailing them out, but they don't want the public to know about it.