What a crazy thought. Financial solvency? Not spending more tax dollars than you collect?
The other fact, like it or not, is that such financial takeover measures must have passed constitutional muster at least somewhere, otherwise they wouldn't be happening in Michigan and other states. (Including to our south, in East St. Louis.) The Michigan law referred to has been in place for several years, and the Benton Harbor takeover began under the previous Democratic governor.
Apparently passing on not even half-baked conspiracy theories is easier than financial discipline, which Wisconsin has been lacking for decades. (Note the number of Madison protesters who apparently are color-blind -- they are unable to see red ink.) Single-fiscal-year deficits of $2.94 billion and debts exceeding your assets by $7.45 billion do not happen overnight.