Illinois has already started lobbying for the fedgov to fund their stunningly underfunded state pension system. Given their close personal relationship with Baraq, that probably makes it likely, and then the floodgates are open.
Since the fedgov itself is only a short distance from insolvency, I’m not sure it really makes much difference.
I haven't seen anything in the news that suggests that a direct bailout is in the works or even on the radar screen. Pension benefit claw-backs for recently retired and soon to be retired are on the radar screen. It is likely the state legislature will vote after the first of the year.