Read an interesting article this morning about the likelihood of a General Motors bankruptcy even with an auto bailout and it occurred to me that I'd like to see what a bankruptcy judge would do to Kentucky if the state had to seek protection from its creditors.
Would a bankruptcy judge allow Kentucky to pay employees more than taxpayers get paid in the private sector? Would a bankruptcy judge throw out the whole merit system? Would a bankruptcy judge allow the school systems to continue spending money without being accountable for every dime? Would a bankruptcy judge allow public projects to be built under current prevailing wage laws? Would a bankruptcy judge allow the state to limit healthcare services under the current Certificate of Need laws? Would a bankruptcy judge allow the court system to build oversized temples for itself on borrowed money? Would a bankruptcy judge allow state government to pay off local newspapers by mandating local governments to buy ad space for public notices? Would a bankruptcy judge allow any government entity in the state to go another month without posting all of its expenditures on the internet?
Food for thought...
