Illinois is Insolvent and It is Time to Admit It

By David E Smith 4 min read

Many will see the proposal outlined in my previous article as a ridiculous fantasy and politically impossible. To them I’d say that almost everything is politically impossible until it is made politically possible. Selling a plan will be hard work, so we will need leaders with a genuine work ethic to start the process. (They can learn that political work ethic by watching President Donald Trump.)

You know what’s already politically possible and, in fact, quite easy? Bowing to the powers of the government unions, keeping the public in the dark about just how bad things are, and allowing the state to go forward into bankruptcy. Don’t doubt me on this: bankruptcy is in our future. That has been my view for many years, but I do have to thank Mark Glennon of Wirepoints for bringing this to my attention at a recent press conference:

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