Oh....BS.
If a state is so mismanaged that is must “default” - it should be become a territory again and be run by competent Federal authorities.
All contracts to be made null and void - especially public union contracts.
Their federal representation must be stripped - no Senators, Congressmen or voting in presidential elections.
Once they get their financial house in order - they can be voted back onto the union.
That was a joke? Right?
VERY VERY WELL SAID!
“competent Federal authorities”
What’s that!