Right on the heels of the NY Pension Crisis Post a couple of minutes ago:
Gingrich seeks bill allowing state bankruptcy to avert bailouts (Source: http://bit.ly/ifidEa)
Move afoot to help states escape benefit obligations
By Doug Halonen January 10, 2011, 12:01 AM ET
Former House Speaker and possible GOP presidential contender Newt Gingrich is pushing for federal legislation giving financially strapped states the right to file for bankruptcy and renege on pension and other benefit promises made to state employees.
