Hacker News new | ask | show | jobs
by oh_sigh 2379 days ago
US states can't declare bankruptcy which seems the closest analog to what PR is
1 comments
occamrazor 2379 days ago
However aren’t US states also obliged to run a balanced budget?
link
oh_sigh 2379 days ago
Okay, so PR isn't obliged to run a balanced budget, and they sold bonds that were beyond their ability to repay, and so the people asking for the bonds to be repaid are the bad guys here?
link