States cant go bankrupt. But Puerto Rico was prohibited by federal law from going bankrupt, too until its fiscal crisis spurred Congress to create a special law last year.
Countries have gone “bankrupt” it is just that there were no rules.
Looks like there is precedent on who gets paid in state insolvency...........................
So the taxpayers become inmates in a debtor’s prison? That doesn’t fly with me, I am being party to a contract where I was not a signatory....
Then there’s the fact that states can’t print money. Add to that the fact that NYS has been losing House districts for decades, which means less juice in the body with the power of the purse...
NYS is so screwed. It’s no wonder we’re hemorrhaging jobs, taxpayers, and House seats.
If legal NY voters are not getting out to vote, then that is their problem. If the sheeple allow the crooks to sink NY, then the states can always remove a star from the flag and declare NY a U.S. Territory.
On the other hand, if legal voters are voting, but their elected local and state leaders are not listening, then citizens can turn to Congress for a remedy.
"Article IV, Section 4: The United States shall guarantee to every State in this Union a Republican Form of Government, and shall protect each of them against Invasion; and on Application of the Legislature, or of the Executive (when the Legislature cannot be convened) against domestic Violence."
Oops, a correction
Given the current corrupt Congress left over from the lawless Obama Administration, concerned NY citizens may want to wait until after the 2018 elections before going to Congress with their state government problems. It will hopefully be a Congress with some new faces that will actually do its job to enforce constitutionally enumerated protections.
In the meanwhile, just as with the other states, NYers will need to make sure that there are plenty of Constitution-respecting candidates on the 2018 primary ballots, and pink-slip career lawmakers by sending patriot candidate lawmakers to D.C. on election day.
“I was in a union for 15 years.”
I told my wife 15 years ago union retirees are gonna have their lives sadly disrupted in the future.The PBGC is/was a joke !