Bankruptcy has sent a chill up the spine of the true believers and media hacks for Andrew Cuomo and other Governors facing fiscal disaster. The Business Insider's hacks have reported, "The Cheerleading For State Bankruptcies And Municipal Defaults Is Downright Ghoulish," and Business Insider offers the following 12 reasons why State finances won't go broke: (Reasons blue, comments red)
See #5, 6, 7 and 8 above.
12. Mass default doesn't seem likely, but austerity does. This opinion uses word "mass" so as to leave some smaller number of States such 6 out of 50 states. Link to Finance Bazaar.
Is this to be Cuomo's new ethical standard: Cheat, steal and if you get caught, you'll have to pay some of it back. Will this be equally applied to the ordinary criminal, not in a suit and without a fancy campaign contributing lawyer?
.Cuomo to cut 12,000 jobs. Link 1 Link 2 But why must New York fund this Medicaid corruption with $28 Billion dollars and then face bankruptcy and 12,000 lost jobs?