What are two basic choices for get out of financial trouble

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Consider current budget problem of many states. What is it? Explain. What are the two basic choices for them to get out of financial trouble? Explain the impact of each. Why are some states playing for a federal bailout if needed? Explain. How is that like a game of Chicken? Explain. Why would the New Congress do better to let some states get it than bail them out? Explain.

Reference no: EM13222958

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