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“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.

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It use to be said that Chicago carried the state on revenue creation. Many would argue when the question of Chicago being exiled from the state said that downstate could not survive without Chicago. Seems to be the other way around now with Chicago begging the state for money that they don’t have.