william the wie
Gold Member
- Nov 18, 2009
- 16,667
- 2,402
IL is in its third decade of vendor debt default . CA went into technical default under the Governator with no interest paid on IOUs. Those are the top two. NY also makes everybody's list. The NE coast beyond VA with the exception of NH and possibly PA, DE and ME may also make the exceptions list. KY is the only Red state that makes the list. The only other left coast state that is in trouble appears to be WA
In the southeast LA is in trouble as usual but otherwise it's OK in Dixie.
I have reached the conclusion that the daisy chain of defaults will start in the Northeast. But where, when and why escapes me. What's your theory about which will be the first state to go into default and will there be more of bail-out or a criminal investigation?
In the southeast LA is in trouble as usual but otherwise it's OK in Dixie.
I have reached the conclusion that the daisy chain of defaults will start in the Northeast. But where, when and why escapes me. What's your theory about which will be the first state to go into default and will there be more of bail-out or a criminal investigation?