McConnell Says He Favors Allowing States to Declare Bankruptcy


The country at large should not be forced to bail out state employee pensions in places like Illinois, Connecticut, and California.

(From MSN)

“I would certainly be in favor of allowing states to use the bankruptcy route,” he said Wednesday in a response to a question on the syndicated Hugh Hewitt radio show. “It’s saved some cities, and there’s no good reason for it not to be available.”

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