In Arizona, House narrowly approves bill to borrow $750M
• Arizona Capitol TimesThe House today narrowly approved a bill that would close about half of the current year’s budget deficit (in Arizona) through borrowing.
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Through blatantly illegal -- per the state CONstitution -- borrowing of $750 billion which will be paid back, uh, how? Secured how? [Your property? Your future labor? Your future spending?] Welcome my friends to the looting that never ends....
Yeah this is blatantly illegal and blatantly stupid. Before I got to Powell's point of "pay back with what?" I stuck on "borrow from whom?" China? Goldman Sachs?
The "pay back with what" side of the equation, I suppose, hasn't got all that grim yet. After all, we can alway sell the Grand Canyon.
Man this one deserves another day at the top of the page. Get this one back up there. This has 0 MSM, local or otherwise.