Talk of The Villages Florida - View Single Post - At what point does debt become unsustainable?
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Old 07-04-2024, 08:11 AM
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Quote:
Originally Posted by ThirdOfFive View Post
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?
who else? we the taxpayers