This is just setting the stage for a federal bailout. The question is whether the federal government bites.
I expect that to happen.
Just because you had nothing to do with the fiasco doesn't mean that you shouldn't pay for it.
> This is just setting the stage for a federal bailout. <
That had better not happen. And Illinois cannot be allowed to go bankrupt. Either would set a terrible precedence, as any state could then go on a wild spending spree with no real consequences.
But there is a real solution here. Illinois must change the clause in its state Constitution the prohibits the reduction of pensions. Reduce all pensions as needed. Those getting, say, $20,000 a year should lose little. Those getting, $120,000 a year should lose a lot.
It’s the only way. A that’s what Trump should tell them.
#7 Donald Trump should say that yes the state will be bailed out, however every democrat politician must resign along with cutting the too generous pension amounts and getting rid of all gov’t unions.