People, Biz, Cities can go bankrupt but not states, so those “LEFT” states that

People, Biz, Cities can go bankrupt but not states, so those “LEFT” states that were ‘foolish’ and copied the soviets can’t reorg just like Greece can’t reorg for the same reason. CA,CT, IL, MA, NY, NJ, are all bankrupt and cannot reorg b/c bankruptcy law doesn’t apply to States.