Dissolve the Land of Lincoln. Give the best pieces to Wisconsin, Indiana, Kentucky, Missouri, and Iowa.
Any parts that neighboring states don't want could be left as a Federal Wilderness no-go zone.
Link: http://www.chicagotribune.com/news/columnists/kass/ct-dissolving-illinois-kass-met-20170620-column.html
ollars flowing into the state every year via multiple tax streams, and they still can't balance the books. There is no tax dollar a liberal cannot spend 3x's as fast as it arrives.
Liberalism works!
Of course, Bernie Sanders espouses all of the same economic decisions.
Fist, Congress needs to pass a statute allowing states to declare bankruptcy.
Then you work out a deal with the bond holders Detroit style to reduce debt. All public employees on a pension would receive a buyout for whatever is left in the fund.
It would also need to be accompanied by a law banning collective bargaining for pay and benefits for all public employees to prevent this from happening again. Short of the above they will just end up doing this again in twenty years.
Maybe that is the only way but I fear Illinois would be the first of many and states that have been fiscally responsible would be screwed in the end.
Or, are you saying that if bankruptcy is an option, then more states will spend like Illinois does, knowing that a court will let them off the hook later?
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We are seeing real growth for the first time in decades and are hoping that the envy demagogues don't seek power by promising wealth redistribution
Seemed like some good things were going on.