Talk of The Villages Florida - View Single Post - Illinois, California going bankrupt
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Old 06-20-2017, 04:20 AM
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With all due respect, I am from Illinois and very familiar with Illinois government and Illinois "Problems" has nothing to do with unions and both Republicans and Democracts are about equal when it came to spending more money than the State has coming in. Both parties "Kicked The can down the road" and took pension money to fund programs in order to be reelected. I personally worked 30 years under Republican Governors. You would be hard pressed to put all the blame on Democracts.

Finally, under current Federal Law a State CANNOT file bankruptcy.
I agree democrat and republican contributed to this problem and an equal number in Illinois have gone to jail.. and that is why I used the term political corruption.

Perhaps a state cannot file for bankruptcy? However it doesn't stop a state from going bankrupt .

There is only one way to stop a politician from being a spendthrift and that is deny politicians tax money so they learn to live within this country's/state needs

Personal Best Regards: