Why not?
Illinois to go bankrupt?
- Thread starter Wally
- Start date
Should've never spent, spent, spent to begin with. Then you can have reasonable taxes to begin with. The honesty/corruption/graft comes on when the money is flowing. That's why they all want to spend spend spend to begin with.
Babagounj
Strength through joy
Maybe it would be wiser for major corp to leave the west coast and help PR become an independent island and then be free to do whatever they want .
Van you really need to let go of this idea that governments don't spend, spend, spend. The state of Chic...I mean Illinois will be bailed out when the time comes. At that point we'll see if anything changes or it's like the Wall Street bailout and nothing changes.
How many times in history has a state been bailed out? What measures will be put in place to make sure it never happens again? This isn't Delaware, it's one of our biggest States with one of our largest cities. Never said states don't spend, but this is a very blue state with an economic outlook that drove it to this. At what point do they decide to try something different? Probably never because they're hooked on the generosity.
Why would they try something different? You act like it's a problem. It's just part of the system. Wall Street was too big to fail and now it's even more so. Illinois will be the same.
So we'll just keep throwing money away instead of fixing systemic issues? There's a plan!
DriveInDriveOut
Inordinately Right
It's not just a plan it's the national pastime. Welcome to America.
And yet when people start talking about fixing problems they're labeled as fascists, racists, bigots, you name it. Keep that money flowing until the well is dry!
It's just economics van. It's all made up.
It's real taxpayer money to bail them out. Let'em sink.
DriveInDriveOut
Inordinately Right
You have a habit of not making sense.
bottomups
Bad Moon Risen'
Illinois is too big to fail. Us taxpayers will be bailing them out just like the big banks.
Maybe if Democrats regain control. Don't think the Republicans are interested in such a blue state. Obama wasn't a friend to Texas, and this is much bigger.
Remove the liberal filters...you'll figure it out.
Whom do you think taxpayer money ultimately belongs to? You aren't in third grade so be honest.
It's the misuse of taxpayer money that's the problem. Continuing to do what's been proven to not work is a variant of the definition of insanity. And by the way, if the bottom half of the income spectrum pays little to no tax then ultimately who does the taxes belong to?
Catatonic
Nine Lives
Your taxes are owned by the government.
It will be fine
Well-Known Member
You don't think Trump would get blamed for the economic fallout of Illinois starting to default on its debts? If a state that big "fails" it would wreak havok on the entire economy.
And the government of the people, for the people, and by the people is answerable to the people.
