A GM-Style Restructuring for Illinois
Illinois has many natural, commercial, geographic, cultural, and physical advantages and is among the best places in the world to locate and grow a family or business. That’s why, for much of the last 200 years, Illinois was one of the fastest-growing states in the union.
But today Illinois groans under a quarter-trillion dollars of debt that continues to increase. Taxes go up but aren’t keeping up with liabilities.
Frightened by our state’s financial crisis and with other states offering a better value proposition, more people move from Illinois than to Illinois despite the many…
Source article: https://www.realclearpolitics.com/articles/2020/03/03/a_gm-style_restructuring_for_illinois.html