By Josh Barro, includes “… Bankruptcy is for insolvent entities. And while states’ finances will be gravely impaired by the drops in tax revenue we are about to experience, it is unlikely any of them will be made insolvent by it. States’ ability to tax is a very powerful thing, and states will be able to pay their debts even if the federal government provides them no additional aid. The problem is what steps states will have to take to pay those debts …”