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Could IL be the 1st state in the union that goes into bankruptcy?
invite response
2017 Jun 16, 7:42am 12,119 views 77 comments
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zzyzzx
2017 Jul 5, 7:18am
Interesting to see how the legislature had to override the governor on this one.
Goran_K
2017 Jul 5, 8:39am
The Illinois economy, if it wasn't bad already, is about to get a lot worse. This is how Democrats hollow out the economy of a state.
Democrats offer valuable and generous entitlements like lifetime pensions which are extremely expensive, then increase taxes to pay for it all, which increases the individual tax burden, which in turn causes people and companies to flee, which makes the overall economy (pie) smaller, which in turn makes the original problem even worse.
FortWayne
2017 Jul 5, 8:41am
Democrats keep diving pie so thinly that no one gets any pie. Fine example of liberal economic policies.
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http://www.cbsnews.com/news/could-illinois-be-the-first-state-to-file-for-bankruptcy/