A Path Is Sought for States to Escape Their Debt Burdens Policymakers are working behind the scenes to come up with a way to let states declare bankruptcy and get out from under crushing debts, including the pensions they have promised to retired public workers. https://www.nytimes.com/2011/01/21/business/economy/21bankruptcy.html you will note, that is an old story......my source says they are now in over drive after shutting down following the Gates plan ,thus creating a super major loss of income , sales tax, income tax, what ever other taxes NOT flowing in.....many States were in trouble long before this year local & state pensions where never properly funded.....aka Ponzi plans.....most ,if not all have 3 to 4 people being paid for each job...."put in your 20 & collect a pension for life"......ponder that... and as you might expect....Democrat run cities & States are at the top of the list......sort of like the scene from Red October....."you arrogant ass.....you killed us"...the Russian sub hit by it's own torpedo