Later, in the second post of this series, we focused on the looming specter of sovereign failure of states to honor what they promised their citizens long after the citizens relied on, trusted in, then entered into agreements with those state governments.
Now we focus on the solution the united democrat republicans propose as a solution for the states: bankruptcy.
This series has focused on the dangers that MOMCOM's promiscuous war spending is bringing on the many sovereign entities described by the word "united".
The series shows that a more accurate word would be "bound" in place of "united", because even though the charge into invasion, occupation, and endless wars was led by the republican right wing neoCons, the democrats for the most part felt bound to go along, calling the state of affairs "united" nevertheless.
As we will soon see, in terms of economic damage, "The Bound States" is a more accurate description than "The United States", since the "solution" called state bankruptcy, unlike the wars that brought it on, is not something the lemmings want to jump off the cliff for.
The W direction has produced a condition which has turned the "united" world upside down, given new meaning that turns out to be "united we fall".
So the states are fighting to be free of this "united" economic thingy where they are bound to economic desperation caused by a MOMCOM desperate for war, lusting for war, and making a new religion of war.
The neoCons know that the holy warrior is here to stay, so long as the entities that are "united" in the war games (the "states") can survive this MOMCOM state of war.
The states are desperate not to be absorbed into "The United State of War", where there is only one state, not fifty:
No state is known to want to declare bankruptcy, and some question the wisdom of offering them the ability to do so now, given the jitters in the normally staid municipal bond market.(United States of Bankruptcy). Desperate minds of MOMCOM are predictably trying to form a delusional solution:
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.(ibid, United States of Bankruptcy). The democrat republican state of mind wants a way out of the obligations of the sovereign, but not out of the wars that are causing it, so expect an effort to glorify capitulation, calling it "bi-partisan privatization" or deceitful words to that effect.
For now, the fear of destabilizing the municipal bond market with the words “state bankruptcy” has proponents in Congress going about their work on tiptoe. No draft bill is in circulation yet, and no member of Congress has come forward as a sponsor, although Senator John Cornyn, a Texas Republican, asked the Federal Reserve chairman, Ben S. Bernanke, about the possiblity in a hearing this month.
Still, discussions about something as far-reaching as bankruptcy could give governors and others more leverage in bargaining with unionized public workers.
“They are readying a massive assault on us,” said Charles M. Loveless, legislative director of the American Federation of State, County and Municipal Employees. “We’re taking this very seriously.”
They want states to be able to tell official lies retroactively, to go back on their word, to do a time travel morph into Bernie Madoff.
This "solution" is treating the effect, not treating the cause for the need to go bankrupt in the first place.
Which said cause is the stupid, nation killing, senseless, and now endless holy wars of the Circle W Cowboys, yes, the wars that are bankrupting the entire nation.
Rather than stop the wars, the terminally insane minions of MOMCOM think it will send a positive message (be good for the country) if states can file bankruptcy.
"Screw some more citizens out of their pensions, out of their financial future, yeah that's the ticket".
Like Pogo, the states have met the enemy to which they are bound.