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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.
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