> Just like we shouldn't have bailed out the banks in '08 or junk bond holders in '20, we shouldn't bail out municipalities that borrowed too much from the futu

> Just like we shouldn't have bailed out the banks in '08 or junk bond holders in '20, we shouldn't bail out municipalities that borrowed too much from the future. I agree. Alas, it is the public employee pension obligation that the municipalities will want a bail out on, infrastructure is peanuts compared to that.