Bankrupt Illinois ‘To Be Broken Up And Dissolved’ Into Neighbor States

Thursday, June 22, 2017
By Paul Martin

Baxter Dmitry
YourNewsWire.com
June 22, 2017

The liberal state of Illinois is grappling with a full-fledged financial crisis and the only answer is to declare bankruptcy, break up the state and dissolve it into neighboring states, according to the Chicago Tribune.

Facing billions in unpaid bills and pension obligations, the state is hitting a cash crunch that is rare even by liberal Illinois standards, Gov. Bruce Rauner warning the state has entered “banana republic” territory.

“We’re like a banana republic,” Rauner said earlier this month, after the General Assembly failed, for the umpteenth time, to pass a budget package by the regular session deadline. “We can’t manage our money.”

But the problems are years in the making, caused in large in part by the state’s long-term liberal policies — which led Moody’s Investors Services to downgrade Illinois’ credit rating to the lowest of any state.

“Illinois is like Venezuela now, a fiscally broken state that has lost its will to live,” according to the Chicago Tribune.

“But before we run out of the essentials, let’s finally admit that after decade upon decade of taxing and spending and borrowing, Illinois has finally run out of other people’s money.

‘The best thing to do is to break Illinois into pieces right now. Just wipe us off the map. Cut us out of America’s heartland and let neighboring states carve us up and take the best chunks for themselves.

“The group that will scream the loudest is the state’s political class, who did this to us, and the big bond creditors, who are whispering talk of bankruptcy and asset forfeiture to save their own skins.

The Rest…HERE

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