“America actually needs to have a salutary crisis in Illinois. It will be salutary because it will be a cautionary example for other states if Illinois suffers, without offloading pain on taxpayers elsewhere, the severe consequences of decades of ruinous choices.”
Comment: Illinois will soon be “begging” for bankruptcy authorization, he says. Same word we used for what will come for CPS and other muncipalities, including Chicago. Sadly, he’s probably right about the state, too.