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First State to go Bankrupt because of SARS-CoV-2

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Which state goes bankrupt first because of Coronavirus?

 

Several prime candidates..........

 

I'm going to vote Connecticut.

 

We can revisit this thread in a couple of months to see who was right.

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Interesting question- California may open their economy before NY.  NY/Cuomo has already said they’re broke and asking for more fed help.  I have a feeling NY will be shut down the longest.  Taxes will be going through the roof.  Corporations will be getting out of dodge.  NY definitely has the most to lose here.  

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1 hour ago, Riverboat33 said:

States can't go bankrupt.

Your probably correct.  Question should be which state will start defaulting on their debt obligations.  What is NYs largest obligation?  State pensions?  

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2 mins ago, DZ said:

Your probably correct.  Question should be which state will start defaulting on their debt obligations.  What is NYs largest obligation?  State pensions?  

I think you are on the right track there.

 

The blue states were not too worried, as long as a Dem was POTUS, they would be bailed out.

 

Will be interesting to see how Trump handles this.

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Just now, Riverboat33 said:

I think you are on the right track there.

 

The blue states were not too worried, as long as a Dem was POTUS, they would be bailed out.

 

Will be interesting to see how Trump handles this.

It's not how Trump handles this.

 

It's how Congress handles this.

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