[curiosity]

Great idea, but I don't know how we could get a provision in the code for state bankruptcy through the Senate.

But then there's a key question: what happens when states run out of money and there's no bailout from the Feds? Without the possibility of bankruptcy, I can't see a way out.

[goldstategop]

Agreed. The Republican-led House is not going to provide taxpayer bailouts for Blue States and the only avenue left is bankruptcy.