POV-Ray : Newsgroups : povray.off-topic : Bl**dy election (part 2) : Re: Bl**dy election (part 2) Server Time
4 Sep 2024 11:18:31 EDT (-0400)
  Re: Bl**dy election (part 2)  
From: Darren New
Date: 13 May 2010 13:20:40
Message: <4bec34e8$1@news.povray.org>
Stephen wrote:
> Wasn’t California in danger of becoming bankrupt recently?

Everyone is already bankrupt. That's the nature of government and debt-ba
sed 
money.

The danger (and what came to pass) is that they got *so* bankrupt they 
couldn't meet their obligations even *with* the ability to print money 
and/or take it from someone else by force.  But it's kind of complicated 

because the feds take huge amounts of money, then give it back in differe
nt 
allocations to the states, so the state being bankrupt was at least as mu
ch 
the fault of the federal government as anyone here.  The thieves were 
stealing from each other too hard.

-- 
Darren New, San Diego CA, USA (PST)
    Ada - the programming language trying to avoid
    you literally shooting yourself in the foot.


Post a reply to this message

Copyright 2003-2023 Persistence of Vision Raytracer Pty. Ltd.