State bankruptcy?

Many supporters of the idea that many states have so much debt, that the only way for them to get out of it would be to allow states the ability to go bankrupt. The problems are not just short term funding, or lack there of, but things like pension funds that can't pay, which takes money from health care and education. As of right now, there is no bill bieng tossed, but even if there were, there would be many problems getting it passed, due to the constitution, or somehow making the states problems worse.

UPDATE: A bill to allow bankruptcy could be introduced in Congress within a month, according to Newt Gingrich. And while there was no comment on who would introduce it, he did say there was bipartisan support in the house and the Senate, and that they had been looking at it for three or four months. No states have currently shown interest in this, and it is no surprise. Who wants to pilot a huge, complex bureaucracy through a courtroom? It would take large amounts of time that few may actually have.