Now that I have your attention, I will just make it Cities and Counties as opposed to States. There is a debate about the legality of a state declaring BK. So, how many Cities and Counties will declare bankruptcy int he coming six months? Anybody want to take a guess? I say at least twenty. All it will take is one city declaring and BK and that could happen most any day. San Diego and Los Angeles are perfect candidates. Neither wants to be the first, so they are stalling for time. In 2008, Vallejo, Calif declared BK. Years earlier Orange County declared BK. It has been done in the past and will be done with great frequency in the near future.