States have voters, and voters can vote the wrong way with no adverse consequences except to the state's creditors.
I mean, what if I just moved into the state? What if I was born only 18 years ago?
Do I have any obligation to honor my state's antique commitments, especially if they were obtained via a fraudulent political process? Before I was born or when I was somewhere else? Or when I was in the electoral minority?
WTF? Do I owe reparations or something?
States may not be able to declare bankruptcy. But, if push comes to shove, they can and should definitely welsh!
Public sector leeches had best open 401ks!
Actually it is probably part of the overall plan for the Federal Government to get rid of the states. If they can get a majority of the states in a state of bankruptcy and then “come to the rescue with a bailout”, then they will own and control them. Besides the public union crime organizations in the states, the Federal Government mandates all kinds of expenses down to the states through laws, regulations, and “welfare” gifts. When you owe someone, they own you.