Michigan doesn't have to worry about overspending its treasury for a little while longer after Vice President Joe Biden's $2 billion handshake on Friday.
This is a very bad plan, of course, but that won't stop anyone. California will be next and Illinois can't be far behind them. Rather than inspire Frankfort to really cut back on its own insatiable appetite, this action will only generate worse ideas. In this insane time, who would really be surprised to see us join up with another state to reach a similar "too big to fail" status?