The Irony Of Mitch McConnell’s Opposition To Blue State Bailouts

Bankruptcy isn’t the only solution. McConnell’s attitude provides the perfect argument for state-level public banking.

I have to admit that my jaw dropped to the floor when I read that US Senate Majority Leader Mitch McConnell suggested that the States should be able to declare bankruptcy if they can’t cover their pensions. According to Bloomberg, McConnell had the gall to say this: