Trump (or most any existing politician) would do what works best for the banks.

What will the states that have huge and increasing deficits do if they cannot declare bankruptcy?  There were many smart people who said real estate could never go down nationwide and then it did.  There were many smart people saying Detroit could never go bankrupt and then it did.  There were even people saying Trump would never be president just last week....

Failing a large source of new funding, what will states like Oregon do when they eventually run out of money other than declare bankruptcy to restructure (i.e. reduce) their debt?  I know it's never happened before but these are strange times and to pretend it can never happen is irresponsible to those who pay taxes and to those whose benefits are on the line.