Thursday, October 13, 2011

First the cities, then the states, but never the country

So Harrisburg, PA is bankrupt.

And Jefferson County, Al is probably next

While Topeka, KS has decided that prosecuting domestic violence is just too darn expensive, so it's not illegal to beat your wife there anymore! Sweet.

I'm not even gonna place bets on which state will be the first to declare bankruptcy, but every damn state is cutting services to the 99% left and right.

But the country, the county will be just fine. Really. The country can't go bankrupt. The country can't actually go bankrupt, despite what all the talking heads and political yahoos try to say. Why, because modern monetary theory, that's why.

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