Musing of One Wondering What the Chinese Who Invented Gunpowder Did With the First Batch

We saw a news report that a number of state and local governments have unfunded pension liabilities aggragating about $3 trillion, and that they are considering asking the federal government to bail them out. Wrong, wrong, wrong. The states, their legislatures and their unions got themselves into the problem and it's up to them to do whatever they have to do get themselves out. And as a consultant in Chicago who would benefit from such a bailout remarked, "This would help to destroy federalism and should never be done." What we need is some realism.