Comments on: Why Rhode Island isn’t defaulting on its moral obligations http://blogs.reuters.com/felix-salmon/2013/05/01/why-rhode-island-isnt-defaulting-on-its-moral-obligations/ A slice of lime in the soda Sun, 26 Oct 2014 19:05:02 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: traduceri daneza romana http://blogs.reuters.com/felix-salmon/2013/05/01/why-rhode-island-isnt-defaulting-on-its-moral-obligations/comment-page-1/#comment-53721 Mon, 29 Sep 2014 14:04:45 +0000 https://blogs.reuters.com/felix-salmon/?p=21567#comment-53721 I was suggested this website by my cousin. I’m not sure whether this post is written by him as nobody else know such detailed about my problem. You are incredible! Thanks!

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By: eatingdogfood http://blogs.reuters.com/felix-salmon/2013/05/01/why-rhode-island-isnt-defaulting-on-its-moral-obligations/comment-page-1/#comment-46934 Wed, 08 May 2013 14:47:39 +0000 https://blogs.reuters.com/felix-salmon/?p=21567#comment-46934 If The Democrats Didn’t Give ” Sweetheart Deals ” To Your Public Service Union.
Goon Employees To Get Reelected; You Would Have Plenty Of Money and The.
Taxpayer would have Some Spare Change in His Pockets! Democratic Hustler
Politicians + Corrupt Union Goons = BANKRUPTCY BABY! Time To Bring.
RICO Conspiracy Charges Against The Hustler Corrupt Democrats and the.
Criminal Unions!

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By: BryanWillman http://blogs.reuters.com/felix-salmon/2013/05/01/why-rhode-island-isnt-defaulting-on-its-moral-obligations/comment-page-1/#comment-46885 Fri, 03 May 2013 19:28:49 +0000 https://blogs.reuters.com/felix-salmon/?p=21567#comment-46885 Actually, we elect people according to a complex system of favors, patronage, and rational ignorance. It selects for expertise at getting elected, not particularly feality to voters nor to competence in government.

Government (and its proxies) are the only parties that tell you of things you must buy and at what prices – and that makes it fundamentally different from business.

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By: Harpstein1 http://blogs.reuters.com/felix-salmon/2013/05/01/why-rhode-island-isnt-defaulting-on-its-moral-obligations/comment-page-1/#comment-46862 Thu, 02 May 2013 20:00:30 +0000 https://blogs.reuters.com/felix-salmon/?p=21567#comment-46862 That line of reasoning doesn’t make sense BryanWilliam. We elect people so that they can focus on and become experts in governing. By your same logic, corporations shouldn’t have a BoD or executives; shareholders should convene annually to set the corporations budget and strategic plan. That’s ridiculous.

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By: djiddish98 http://blogs.reuters.com/felix-salmon/2013/05/01/why-rhode-island-isnt-defaulting-on-its-moral-obligations/comment-page-1/#comment-46850 Thu, 02 May 2013 12:02:51 +0000 https://blogs.reuters.com/felix-salmon/?p=21567#comment-46850 So, the bonds are trading at different yields, but those that hold the lower yielding paper don’t value the legal option?

Why hold GO-bonds at all then? Why does the spread exist? I don’t think we can just “hand wave” away the difference in price because court isn’t fun.

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By: BryanWillman http://blogs.reuters.com/felix-salmon/2013/05/01/why-rhode-island-isnt-defaulting-on-its-moral-obligations/comment-page-1/#comment-46846 Thu, 02 May 2013 04:07:18 +0000 https://blogs.reuters.com/felix-salmon/?p=21567#comment-46846 Right, and why not let the executive raise taxes to 100% of state GDP and print money without oversight too? Why bother with a legislature or an electorate at all?

The correct scheme would be for all state spending (and federal spending) to be directly throttled by referendum – as in there’s an election every 3 years to set the state budget, period. Probably have to set the basic division of funds as well.

Then many of these vexing issues would go away, since executives and legislatures would have a much harder time digging holes the electorate gets stuck in.

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