When States Go Broke

Faculty Division
Start : Thursday, November 08, 2012 04:30 PM
End : Thursday, November 08, 2012 06:00 PM

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AEI, Twelfth Floor
1150 Seventeenth Street, NW
Washington, DC 20036

Featured Speakers:
David Skeel
E. J. McMahon
Damon A. Silvers
Michael S. Greve


When States Go BrokeExtraordinary and sometimes crippling levels of debt have plagued American states in recent years. State officials are often bound by inherited obligations to their citizens and employees and frequently lack the resources to meet those demands. David A. Skeel Jr., a University of Pennsylvania law professor, suggests an innovative solution to the issue: enacting a bankruptcy law for states to restructure and resolve unsustainable state debts. 

Critics, however, raise a number of concerns: Could a state bankruptcy impair bond markets? Is this an attempt to evade pension obligations to public employees? Would subjecting state finances to federal trustee supervision violate state sovereignty and principles of federalism?  

Join the Federalist Society and AEI in this vigorous debate growing out of “When States Go Broke: The Origins, Context, and Solutions for the American States in Fiscal Crisis,” a just-released collection of essays edited by Skeel and Peter Conti-Brown.


  • David A. Skeel, Jr., University of Pennsylvania Law School
  • E.J. McMahon, Manhattan Institute
  • Damon A. Silvers, AFL-CIO 
  • Moderator: Michael S. Greve, George Mason University School of Law and AEI

If you would like to purchase Professor Skeel's new book, please click here.

Registration details:

Please register through the American Enterprise Institute's event webpage.

There is no charge for this event.

Related Materials:
When States Go Broke - Event Video