Posted by WARREN MOSLER on January 26th, 2009
I’d just give a total of $300 billion to all the states on a per capita basis in which case fiscal responsibility isn’t applicable.
> Morris wrote:
> Why didn’t I think of this???
> Subject states to the same rules as corporations.
> Why isn’t there moral hazard to this upcoming bailout??? Why should fiscally
> responsible states pay for this??? Is this any worse than John Thain???