List of some other defaulting states besides CA

Quote from CET:

You clearly don't know the difference between a default and a budget gap. Most of those states are still arguing over budget maneuvers. Cali could fix their own problems but refuse to make the hard decisions. Let them crater.
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Hmm...lets see...you cant pay your employees, but thats not a default? I know if I dont pay my mortgage, i am in default. If i dont pay my credit card I'm in default"

Can you imagine a guy calling up his credit card company and saying "yeah, I cant pay you this month...I'm having a bit of a budget gap. I will have to give you an IOU."

How is that not a default?
 
Quote from peilthetraveler:

Hmm...lets see...you cant pay your employees, but thats not a default? I know if I dont pay my mortgage, i am in default. If i dont pay my credit card I'm in default"

Can you imagine a guy calling up his credit card company and saying "yeah, I cant pay you this month...I'm having a bit of a budget gap. I will have to give you an IOU."

How is that not a default?
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The state would rather owe it to them all of their lives than cheat them out of it...
 
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