July 20, 2011
Debt
Here’s another analysis of what happens to states, this one with an interactive map and two scenarios if the Federal government can’t get its act together. We might get some state and local defaults after all.
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July 19, 2011
Default
Mathew Yglesias does a nice summary of how the pain (and whatever) will roll downhill if the Federal Government decides not to pay its bills. Actually, Yglesias says “can’t pay its bills.” I think it’s a matter of Congressional choice. Note which states are most likely to suffer the most.
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