What to do with a broken Illinois: Dissolve the Land of Lincoln
Illinois is like Venezuela now, a fiscally broken state that has lost its will to live, although for the moment, we still have enough toilet paper.
But before we run out of the essentials, let's finally admit that after decade upon decade of taxing and spending and borrowing, Illinois has finally run out of other people's money.
Those "other people" include taxpayers who've abandoned the state. And now Illinois faces doomsday.
Many a truth is said in jest.
The federal bailout of Illinois, California, Detroit, &c., isn't going to go the way the last few federal strong-arm robberies have gone.