Find the best financial services for you at: SMARTFINANCESOLUTIONS.NET - Would government bankruptcy be better than current trend? - of government spending, inflating and taxing US citizens into poverty. Bankruptcy court allows a judge to prioritize amongst debts and obligations. A judge would eliminate subsidies, order the sale of assetts and prioritize spending. <br /> <br />So we'd end up with? <br />- government not allowed to subsidize <br />- spending only on essential services <br /> - Government owned property sold to productive users. Even if owned by foreign held corporations, a least resources would be extracted and people employed. <br /> - sure, the disruption would be cataclysmic and deadly, but the government would be trimmed back to a reasonably functional level. <br /> <br />California might soon provide an example - should they be bailed out, or would it be better for taxpaying citizens if a bankruptcy judge prioritized their spending. Not that I trust judges (likely liberal), but at least they'd prioritize spending -
