The once great State of Illinois is in trouble. They are presently paying out at least 100% of their monthly revenue and the bills just keep coming in. This is an example of how a State should not be run. A collection of failed policies backed up by nothing more than ideology has left Illinois on the verge of Bankruptcy.
The rising crime rate, the Sanctuary cities, and the “green taxes” have failed. One of the largest issues facing the State is the same that is facing California: regular tax payers are leaving as the State becomes flooded with more and more illegal immigrants.
Companies are leaving, and professionals are leaving because the State refuses to put the safety and welfare of America citizens (native born and migrant) first. Get a grip Illinois!
As reported in Young Cons:
Facing billions in unpaid bills and pension obligations, the state is hitting a cash crunch that is rare even by Illinois standards.
Reports have suggested the state could be the first to attempt to declare Chapter 9 bankruptcy — but under the law, that’s impossible unless Congress gets involved. “Illinois is the fiscal model of what not to do,” Rep. Peter Roskam, R-Ill., told Fox News, while not commenting on the bankruptcy question. “This avoidance in behavior toward dealing with our challenges is what leads to the devastating impacts we are seeing today.”
Just last week, the Illinois comptroller, who is responsible for paying the state’s bills, warned the office would be paying out 100 percent of Illinois’ monthly revenue.