> Just like we shouldn't have bailed out the banks in '08 or junk bond holders in '20, we shouldn't bail out municipalities that borrowed too much from the future.
I agree. Alas, it is the public employee pension obligation that the municipalities will want a bail out on, infrastructure is peanuts compared to that.
I agree. Alas, it is the public employee pension obligation that the municipalities will want a bail out on, infrastructure is peanuts compared to that.