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There will be no bailout, period...because the GOP will control the House until at least 2020, and if a GOP House leadership attempted to push a bailout bill, the conservative base would revolt. Also, if you bail ONE out, youy ahve to bail them all out, and there isn't enough $$$..not even enough printing presses.

What has to happen is some type of financial reorganization for the states.. tolet them abrogate union contracts, and also cut the pensions and medical benefits to existing retirees..Look take California..likely to go belly up first..the Dems completely run the state..So you have cops, firemen, and other state employees currently retired on $100K+ pensions, with COLA AND full medical benefits for them and their families. So some GOP congressman in, say, Georgia, where the median income of his constituents is $50k, is gonna vote for a bailout for California>

NOPE..

"There will be no bailout, period...because the GOP will control the House until at least 2020, and if a GOP House leadership attempted to push a bailout bill, the conservative base would revolt."

The first political party that implements the austerity measures required to get us out of this 'mess' will be promptly dispatched to never never land.

Now, I expect the Republicans to win everything this coming election...they'll start cutting and the pain will be so great that they'll lose the house and the senate in two years. Not long after the Democrats win...we'll see hyperinflation and a civil war.