Video Clip: State Budget Shortfalls and Declaring Bankruptcy


John Locke Foundation’s Mitch Kokai discussed state budget shortfalls and the question over allowing states to declare bankruptcy. he also discussed the legal and political obstacles to state declaring bankruptcy. He responded to a clip of Senate Majority Leader Mitch McConnell (R-KY) discussing the idea of allowing states to declare bankruptcy.

5 minutes


  • Bankruptcy
  • Budget Shortfall
  • Deficit
  • Federalism
  • Fiscal
  • Lender Of Last Resort
  • National Debt
  • Pension

Additional Resources