NYT: Lawmakers Plotting a Way for the States to Declare Bankruptcy
User ID: 1237577
01/20/2011 09:43 PM
Report Abusive Post
Report Copyright Violation
But proponents say some states are so burdened that the only feasible way out may be bankruptcy, giving Illinois, for example, the opportunity to do what General Motors did with the federal government’s aid.
And guess who winds up footing the bill.