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States Consider Bankruptcy

CNBC | Policymakers are working behind the scenes to come up with a way to let states declare bankruptcy and get out from under crushing debts, including the pensions they have promised to retired public workers.

Last modified onFriday, 28 January 2011 11:51
John Galt

John Galt is our fearless leader.   Before founding The Galt Report, Galt worked as an engineer for the Twentieth Century Motor Company, where he secretly invented a generator of usable electric energy from ambient static electricity, but abandoned his prototype, and his employment, when dissatisfied by an easily corrupted novel system of payment. This prototype was found by Dagny Taggart and Hank Rearden. Galt himself remains concealed in a remote valley, where he unites the most skillful inventors and business leaders under his leadership.

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