There won’t be any belt tightening or other reforms. Like every other government do-good project, it will just become another black hole into which politicians will throw taxpayers’ dollars.
And another thing: Most other states are hurting too. Will anyone come and bail out my state when it sinks into bankruptcy? Probably not.
As my mother said, the way you make your bed is the way you lay in it. In other words, you created the situation; you get out of it yourself.
What are they going to get bailed out with? US dollars???
HA. Fiat money. We’ll be wiping our asses with it soon. Cheaper than toilet paper.