 state bankruptcies  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 for an in depth article on the subject and what the pros and cons may be click on 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  http wwwweeklystandardcom articles givestateswaygobankrupt51837 247  state bankruptcies  