Give Us Your Opinion: Do you think that States should be allowed to file for bankruptcy protection?

January 26, 2011

An excerpt from Follow the Money Weekly Radio with Jerry Robinson – 1/22/11

To hear the entire program, click here.

Transcript

Now its time for this week Final Thought, where we ask you to speak out on today’s important topics.

Last week’s final thought: Should Congress Raise The Debt Ceiling For the 11th Straight Time in 11 Years?

An overwhelming 90% of you voted that the debt ceiling should not be raised and instead the Federal government should have to learn to live within its means…

Paul said: No The debt limit should not be raised. Live within your means like the rest of us.

Ron from Washington said: We cannot spend our way out of debt or into prosperity.

Thanks for all of the comments.

This week, I want to know what you think about all of this talk about states looking to file for bankruptcy. Currently, the law only allows cities to file for bankruptcy protection. But with all of the fiscal problems that states are experiencing, they are seeking some form of relief and now apparently bankruptcy is being considered as a possible option.

So here’s this week’s question: Do you think that States should be allowed to file for bankruptcy protection?

Send your comments to us by email here. (Be sure to include your name and town.)

Or sound-off by leaving a recorded voice message on the FTM Toll Free Message Hotline at 800-609-5530. Press option 3.

(If we like what you to say, we will play your comments on next week’s program. Be sure to speak slowly and begin by telling us your name and town.)

We will report back to you with the results on next week’s program.

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