Viewpoints
[Jeb Bush and Newt Gingrich] States should have option of bankruptcy protection
Jan. 31, 2011
During the 2008 financial crisis, the federal government reacted in a frantic, ad-hoc fashion, tapping taxpayers for bailouts galore, running roughshod over the rights of bondholders and catching the American people unaware and unprepared. In contrast, we still have time to prepare for the looming crisis threatening to engulf California, Illinois, New York and other state governments.The new Congr