wasteful bailout. this approach begins with a new chapter in the federal bankruptcy code that provides for voluntary bankruptcy by states. a proven option already available to all cities and towns across america. how majority leader eric cantor is criticizing that as a bailout of the states. in a separate op-ed on yahoo, gingrich also weighs in on president obama s state of the union, saying what was most depressing about president obama s state of the union address was not its big government liberalism, its clever maneuvering to keep all the big government of the last two years or its failure to admit how much liberalism had failed to create jobs, but what really saddened me about the president s state of the union address was its shallowness and lack of serious dialogue. meanwhile, defense secretary robert gates is defending his plans to trim the pentagon budget over the next five years, and criticizing congress for failing to pass a budget for the