BUSINESS

States to be able to declare bankruptcy?

TAGs: bankruptcy, US

bankruptcyThe United States are currently in quite the quandary after working out they don’t have a whole lotta cash left. On a Federal level, China has come calling this week for a state visit which basically translates to something along the lines of “when you guys going to start paying.” The states, however, seem penniless as well.

It seems those intelligent folks down in the US government are tapping into the brain of George Dubya Bush with their latest measures. The New York Times is reporting that policy makers are working behind the scenes to come up with a way to let states declare bankruptcy and get out from under crushing debts, including the pensions they have promised to retired public workers.

Currently states declaring bankruptcy is illegal, but such is the situation in certain states it won’t be long until will be seriously looked at as a way out.

Here at CalvinAyre.com we like their strategy and are seriously thinking about Skype-ing them to see if we can get on board the USS State Bankruptcy.

Maybe we’d be able to get some credit sports betting accounts on these terms. For example we bet on who we want to win, they win we get paid. They lose…well we just tell the bookies to go fuck themselves.

This may just be evidence of them watching a little too much of Tony the Ant in the 1995 film Casino. Another fact they might get acquainted with quite soon is the fact that the film has the most recorded uses of the f word. That’s when they find out that letting the states declare bankruptcy wasn’t the best idea after all and better the record themselves.

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