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Podcast: PRay TeLL, Dr. Hash
Episode: 297 Bankrupt Cities
Description: Bankruptcy is in the U.S. Constitution for a very important reason, to let people start over again after bad judgment or bad luck put them into a position they can't realistically come back from. Cities need to declare bankruptcy for the same reason. However, some State governments are so captured by Public Employee unions that they've made it illegal to go bankrupt, or to even to modify pensions. Those States need to be allowed to totally crash, not get bailed out by the Feds, so that eventually the vested interests in charge get thrown out, and their laws...