[SampleMan]

Complete BS article, presuming that the current massive spending is all necessary.

The citizens of those states (and this country) have collectively chosen poorly and now must deal with their failure.

States like California should be forced (allowed) to resolve their own problems. Some will foolishly do anything they can to maintain spending and enter into a death spiral, others will cut spending and in doing so provide an example for others.

And the citizens of the states that have chosen wisely will reap the rewards either way.

[PGalt]

Complete BS article

Yes, it is.

Defund collectives. The laboratories of democracy have become the stomping gounds for collectivists/socialists/totalitarians and any other labe you want to stick on anti-individual gangs.

[CitizenUSA]

I was going to post what you posted, almost word for word. Thanks for saving me the trouble. It is, indeed, BS.

[untrained skeptic]

The article doesn't actually propose letting the states out of their debts. It suggests letting them void existing labor contracts and go back to the bargaining table with the unions. Those contracts represent a different kind of debt that the state has incurred. I think state employee unions generally have far too much power, but I'm not sure there is a sound reason to let the states get out of one type of liability while not allowing any flexibility on the rest.

However, it does seem that when it goes to the courts, the union members usually make out better than nameless investors holding bonds.

[Atlas Sneezed]

States like California should be forced (allowed) to resolve their own problems.

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The “BS article” proposes simply to give them an additional option. Did you read it?