Yglesias wants to stop state bailouts

Finally a good idea. His plan, typically incoherent, will  stop the bailouts so Republicans governors don't have to be hypocrites.  Yes, stop all central government transfers to the states, I agree, it eliminates a ton of hypocrisy and that can be nothing but good.  Another bonus, the fewer nonsensical things central government has, the fewer incoherent messages we get from his blog.