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What if Connecticut files for bankruptcy?

Joshua Esses  |  May 21, 2020

Op-ed by Joshua Esses, includes “… However, the day may come when Connecticut cannot pay its bills on time, even if Congress chooses to compensate Connecticut for losses suffered due to the coronovairus. When that day comes, bankruptcy may be the best of bad options. … The consequences of a Connecticut bankruptcy would no question be bitter. But unless a federal bailout is forthcoming, alternatives to bankruptcy — massive tax increases, layoffs, drastic cuts in social spending and even unplanned defaults on state debt and nonpayment of pension and other liabilities — might be even worse.”  

Read the full article on: Hartford CourantHartford Courant

 
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