An idea for how to deal with California, or other bankrupt states.
California’s pension system is based on impossible assumptions and deception of the taxpayers and legislators. Though it is probably in violation of Article IV of the Constitution, any state that bankrupts itself and requires a Federal bailout should lose its status as a state, including representation in Congress and the Electoral College, for some determined length of time. Let them go back to Territorial Status and apply for readmission when they can show that they can govern themselves responsibly.
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