Two Questions: Could Illinois File Bankruptcy? Why Vote for Tax-Raising Politicians?

Written by John Biver

The news headlines these days should destroy forever the use of the cliché “it can’t get any worse” when the topic is Illinois politics – and that includes Republican, Democrat, fiscal, etc.

The first question in the above headline is from a very unsurprising CBS News report about just how bad things are in Illinois. A few excerpts from the article:

A financial crunch is spiraling into a serious problem for Illinois lawmakers, prompting some observers to wonder if the state might make history by becoming the first to go bankrupt.