“Chapter 9 specifically forbids it. States are sovereign entities.”
They can’t print their own money and very soon the credit will be shut off. The state government come to a stop.
“They can’t print their own money and very soon the credit will be shut off.“
Yep.
I have a plan for that day. I’m going to pour myself 3 fingers of 10 year old Scotch, grab a cigar, and head into my backyard to watch the rosy glow in the eastern sky as the West and South Sides of Chicago go up in flames.
And I’m going to laugh, and laugh, and laugh.
L