(email exchange)
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???
>
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