What does it mean to you if a government runs out of money?

Discussion in 'Economics' started by ivanbaj, Jul 11, 2009.

  1. states are legally entitled to print there own currency,,but the currency is legal only in that state,,during our creation all states had there own currency and didnt have to be honored in a neighboring state.
    CA has 50k police officers for 38 million people,, but ca is short 200 billion in there pension funds,,perhaps a reset is in order, promises were made during boom times,,now bust times so readjust it.
    Why doesnt CA have a fund similiar to alaska,,drill everywhere,alaska has 31 billion in there oil fund yet we continue to send them money lol.
     
    #11     Jul 12, 2009