Bankruptcy or Taxation without Representation

In government, the trend so far seems to indicate that vested interests much prefer "Taxation without Representation," as opposed to reformative bankruptcy. "The State" can tax to absurdity because the culture has been trained to accept anything. What kind of productive framework is there to reorganize into? Nothing!

Is Los Angeles Headed For Bankruptcy After Detroit?

Is Los Angeles Headed For Bankruptcy After Detroit?

Detroit may be the largest city to declare bankruptcy but it probably won't be the last. As more and more cities begin to feel the weight of their debts and pension obligations, Detroit's actions could set a precedent. Guest Dan Pellissier joins to discuss.

Sen. Judd Gregg America on the Road to Bankruptcy ?

Sen. Judd Gregg says massive debt puts nation in 'serious trouble'