 As an alternative to federal bailouts, Gingrich advocates revising federal law to allow states to voluntarily declare bankruptcy.In a "Los Angeles Times" opinion article co-written with former Florida Governor Jeb Bush, Gingrich argued such a provision would allow states to reorganize their finances and free them from contractual obligations, specifically with government employee unions.In the op-ed, Gingrich wrote that many government employee pension systems are "bloated, broken and underfunded" and are "perhaps the most significant hurdles for many states trying to restore fiscal health."