A better idea:
I would like to see States be able to go bankrupt due to their corruption and inability to be fiscally responsible.
With the following condition:
All debts and contracts will be null and void.
The State will be immediately turned into a territory. The State shall loose all Senators and Congressmen and all representation in the Federal Government to include the right to vote in Federal Elections.
A Federal Governor will then be appointed to run the State under Federal Receivership. He/She will be able to make all decisions until that time as the territory will be admitted back into the union with a positive financial history.
I like your ideas of states losing statehood and being under federal oversight.
What we are seeing with Illinois, and we’ve seen with some cities such as Detroit, should be unthinkable. A unit of government, if run properly, should never be in a position where they are bankrupt.
Maybe this is too strident to say, but public officials who are presiding over the lead up to bankruptcy are derelict in their duties, and perhaps even violating laws themselves, to allow these situations to fester and get to the point of no return.
So what’s the solution? Raise taxes in Illinois? Can they sell bonds; won’t their bond rating go to junk bond status, which in turn will jack up interest owed by Illinois on existing debt, and become a vicious circle??
Excellent!
You will have to Amend Article I Section 10 of the Constitution first:
No State shall...pass any...Law impairing the Obligation of Contracts....
This provision is not qualified by any phrase "with consent of Congress" as are other provisions in Article 1 Section 10. It is absolute.
I agree. I want this for California as well.
Sounds excellent... California next, New York to follow. Of course this means no statehood for Puerto Rico. When these now territories restore themselves to fiscal reality, they can re-apply for statehood, after a 10-year probationary period.
One problem is it also punishes the “Red” counties, which are most of them, and are more victims than participants. Maybe just make Chicago a territory... then Illinois would be Red. In most states Hillary won, one area had a larger margin for Hillary that the state at-large. Do this for all the Blue states.
Illinois 2016 - Hillary by 944,714
Chicago(Cook CO)- Hillary by 1,158,659