Rejecting failed states

When Cali goes bankrupt and needs money, make 'em a flaming territory.
Posted by: Jinx the Cat

I live in one of the youngest States, #46. Transition from territory to statehood is a big part of our relatively recent history. I remember when Alaska & Hawaii became states. I was so proud of our new flag.

But I've never given a thought to the idea of having a state revert to a territory if it failed. That's... interesting.