I understand the concept of an unconstitutional taking of private property. The ultimate consequence of this decision is bankruptcy. We are going to see more and more cities using bankruptcy because they are insolvent. The unions will not like the results.
Exactly! That’s why I like this decision. Let’s get the politician’s out of it. And let the bankruptcy courts handle it. It will be a mess, but it will be obvious which states are screwed up and why. Plus it’s probably the best chance to destroy the public sector unions.