Thomas Sewell cannot tell Goose from Gander

He wants state and municipalities to go bankrupt:

Bankruptcy conveys the plain facts that political rhetoric tries to conceal. It tells people who depended on the bankrupt government that they no longer can. It tells the voters who elected that bankrupt government, with its big-spending promises, that they made a bad mistake that they would be wise to avoid making again in the future.

But never mentions, not even once, what procedure might work for the central government debt crisis.  States already have a bankruptcy solution, reversion to territory.