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Senate Majority Leader Mitch McConnell’s suggestion that states financially strapped by the pandemic should declare bankruptcy rather than receive federal aid would further devastate the national economy, destabilize the municipal bond markets and unfairly damage the retirements of government workers.McConnell, R-Ky., says the federal government should not bail out governments of blue states like California because of the past fiscal mistakes they have made, most notably their poorly run public employee retirement promises.“We’re not interested in solving their pension problems for them,” he t…
