Anyone see Sam Seder's show tonight re: GOP forcing states into bankruptcies?

[Peregrine Took]

Illinois is at the top of the list. They are really trying to break public employee unions.

There is supposed to be a huge battle this year on this subject. Illinois and California are the two targets.

See 7th paragraph:

http://blogs.reuters.com/james-pethokoukis/2010/12/07/secret-gop-plan-push-states-to-declare-bankruptcy-and-smash-unions/

[Sienna86]

1. Is much force necessary?

It would seem bankruptcy is one of few choices for Illinois. What effect will bankruptcy have on public employees' pensions and current contracts?

[mucifer]

2. The tax increase would help A LOT