Too big to fail?
When they are declared insolvent, the federal government will open it’s fat wallet and make your grandchildren even more destitute than they are already fated
When declared insolvent, the state of Illinois should revert to a territory. It can then be reorganized into one or more new states or absorbed into adjacent states.
I think that could trigger the second civil war. When people who live in states that have sacrificed and lived within their means are forced to subsidize the pensions of others that they could never dream of having themselves....well, that's when a bunch of people will snap.