This is fundamentally corrupt.
Just what you would expect from Obama.

The states can make compact among themselves with the permission of Congress.

So I propose the states that wish agree to bailout the public employees of other states.

CA, IL, and NY could agree to pool all their pension funds and liabilities. It seems like a splendid way for the public servants of one state to help their comrades in another.

And the more selfish people in other states need not pay for it.

Collusion at the highest level, and coming from the 'RATs of course.

Nice way to swing an election. Won't work. You can't BS independents all of the time.

Let`s go through the voter rolls all over the country and tax registered democrat at a higher rate. They want perpetual welfare let them pay for it.

The ''President of Chicago'' might be for it but the House would never pass it - and if they did the Senate would filibuster. Too many states have kept their houses in order - and would not agree to bailing out the stupid and corrupt states.

No, No a thousand times no. Never, never, never.

Let Illinois, California and all the other stupid states bail themselves out. They made the mess, now they can live with it. Let them raise the taxes on their own citizens, not the rest of us, who had nothing to do with it.

Those governors are leeches and need to face the music, just like the stupid voters who put them in office. Democraps want to have their cake and eat it too.

A bailout of the state pensions would be worse than the bailout of the auto companies and make about as much economic sense.

I wish I were confident that a Romney administration, Boehner and McConnell would say no, a thousand times no to this idea.

Hold on. Why shouldn't the responsible and frugal be forced to bail out the profligate and reckless?

What good are they otherwise?

I suggest Quinn file a lawsuit against the Fed and their policy of keeping interest rates low. Other than the fact that the working public has no say in union benefits (union contributions to political campaigns drives benefits), Bernake's policy of zero interest is one of the main causes pensions are underfunded.

The problem is that people are starting to flee the states with the large deficits because they don't want to pay the high taxes necessary to fund the liabilities. But these are the same people that allowed these deficits to happen so now they will be spreading the liberal thinking to responsible states (look at Colorado).

With the current system and current players, they will be 'bailed' out, one way or another. Every one of them, and somehow the largest banks will end up making money from incredible debt.

The designers of global financial ruin are like waiters who become $20 million actors. THEY will be on top of whatever is left when millions are crushed. That's all they care about and they think no matter how bad it gets, they will survive and even thrive.