Social security won’t fail; they will print the money. Illinois cannot print money.
Exactly.
Back in high school (around 1970), some of my friends were discussing the idea that US savings bonds may someday not be honored by the FedGov. I told them that if we were in such a reality, that would be the least of your problems.
I do thing that one thing they can do, regarding SS, is use funny numbers to make sure the benefits, relative to the REAL cost of living increases, don’t increase at the same rate. I think they are already doing that.