With a number of states facing financial collapse and unable or unwilling to address the budgetary shortfalls some feel that allowing states to go bankrupt is a viable solution.<br />
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For an in depth article on the subject and what the pros and cons may be, click on<br />
the following story link by DAVID SKEEL from the Weekly Standard ,&ldquo;Give States a Way to Go Bankrupt -- It&rsquo;s the best option for avoiding a massive federal bailout.&rdquo;<br />
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http://www.weeklystandard.com/articles/give-states-way-go-bankrupt_518378.html<br />
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