Bankrupt Illinois ‘To Be Broken Up And Dissolved’ Into Neighbor States

The liberal state of Illinois is grappling with a full-fledged financial crisis and the only answer is to declare bankruptcy, break up the state and dissolve it into neighboring states, according to the Chicago Tribune.

The liberal state of Illinois is grappling with a full-fledged financial crisis and the only answer is to declare bankruptcy, break up the state and dissolve it into neighboring states, according to the Chicago Tribune.

Facing billions in unpaid bills and pension obligations, the state is hitting a cash crunch that is rare even by liberal Illinois standards, Gov. Bruce Rauner warning the state has entered “banana republic” territory.

We’re like a banana republic,” Rauner said earlier this month, after the General Assembly failed, for the umpteenth time, to pass a budget package by the regular session deadline. “We can’t manage our money.”

But the problems are years in the making, caused in large in part by the state’s long-term liberal policies — which led Moody’s Investors Services to downgrade Illinois’ credit rating to the lowest of any state.

Illinois is like Venezuela now, a fiscally broken state that has lost its will to live,” according to the Chicago Tribune.

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.

‘The best thing to do is to break Illinois into pieces right now. Just wipe us off the map. Cut us out of America’s heartland and let neighboring states carve us up and take the best chunks for themselves.

“The group that will scream the loudest is the state’s political class, who did this to us, and the big bond creditors, who are whispering talk of bankruptcy and asset forfeiture to save their own skins.”

illinois-failed-state

Since our neighboring states are doing better, taking Illinois jobs and businesses and Illinois workers and taxpaying families, they might as well just take the rest of Illinois, too, dammit.

Wisconsin can have Chicago and begin calling it “South Milwaukee.

Reports have suggested the state could be the first to attempt to declare Chapter 9 bankruptcy — but under the law, that’s impossible unless Congress gets involved.

U.S. Sens. Dick Durbin and Tammy Duckworth, both Democrats from Illinois, have so far refused requests for comment on whether they would consider getting involved in introducing a measure allowing state bankruptcy.

Illinois is the fiscal model of what not to do,” Rep. Peter Roskam, R-Ill., told Fox News, while not commenting on the bankruptcy question. “This avoidance in behavior toward dealing with our challenges is what leads to the devastating impacts we are seeing today.

Baxter Dmitry

Baxter Dmitry

Baxter Dmitry is a writer at Your News Wire. He covers politics, business and entertainment. Speaking truth to power since he learned to talk, Baxter has travelled in over 80 countries and won arguments in every single one. Live without fear.
Email: baxter@yournewswire.com
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Baxter Dmitry
  • MforMankind .

    It isnot only Illinois but the whole America that is crumbling

    • Alex Chaudhari

      Really because thanks to Trump, optimism is at an all time high.

      • MforMankind .

        yup, illusion is reality

        • Alex Chaudhari

          Maybe for you, not for a lot of others.

  • americathelandofthefukwit

    U.S. Sens. Dick Durbin and Tammy Duckworth, both Democrats from Illinois… FUKING HILARIOUS.. SOUND LIKE TWO CHARACTERS OUT OF A simpsons episode….only in america huh.. only in stupid is as stupid does america … no wonder it is going to be nuked…its been a long time coming…this state is only the tip of the iceberg…hafukenha

    • William Smith

      Nuked? Only if from within, no country is crazy enough to commit suicide in an attempt at that. And God forbid the U.S. collapses, that’s a shit ton of world ending weaponry on the loose. Europe and half of Asia would fall. Then Evil returns.

      • Ann Cain

        He doesn’t care…in fact, his moniker implies that’s what he wishes. He’s a hater of our nation.

        • isannoncocain???

          AnnCocain…lol

  • William Smith

    We don’t want their stupid voters to have any say in our economic policies. The ignorant self entitled voter broke it, now you live with it and sacrifice work twice as hard and fix it for your grandchildren. You already mortgaged your children’s futures by taking more than you put in. No thank you we don’t want any broken pieces of a state infected with Obama-itis.

    • http://AnswersFromGod.com AnswersFromGod.com

      Whomever gets Chicago gets the vast majority of Illinois’ self-centered, “vote to steal from others” group. Unfortunately, virtually every large city is predominantly composed of such lost souls.

  • Richard Williams

    let this state be a test to see what happens, first move is to stop paying all elected officials and there healthcare, they are the first ones to be chopped, then government workers and the benefits and since they are broke, loose it all so they now can use social security for retirement like everyone else. Let all government follow this role when they had busted the system with the payroll, benefits and other perks they have stolen from tax payers

  • KingOfAllAnimals

    Break up a state? First of all someone did not learn ANYTHING in civics! This will not happen. States cannot just “Evaporate” into others! Anyone touting this is a RUBE and they KNOW NOTHING! The way our territorial law is written YOU CANNOT SUBDIVIDE A STATE! Whoever is spouting this line needs to STFU already!

    I am calling this for the BULL***T it is!

    • Curt

      Easy does it KingOfAllAnimals …. it’s just satire.

      • KingOfAllAnimals

        Are you SURE? its impossible to tell real Journalism from CNN (Whoops, the Onion) any more.

  • http://AnswersFromGod.com AnswersFromGod.com

    I highly recommend Noah Webster’s, “Advice for Young People,” as it correctly predicted this outcome and instructs voters about who to vote for in order to circumvent it.

  • Dudley DoRight.

    Do away with cash welfare;
    Do away with food stamps, and give them surplus food.
    Make welfare recipients work 20 hours a week.
    Piss test welfare

  • Alex Chaudhari

    Trump do something about this.

  • Fletch

    Absorbing the problems into other States is like adding Mexico to Texas, and requiring Texans to bring all new territory up to a Texas average by stealing the wealth in the north, to fund the Mexican south.

  • steve burns

    this should come as no surprise another public sector failure hackery at its worst suck dry the hard working tax payers who have real jobs these public sector rump swabs with their larcenous pensions run away sick days over generous health care no accountability no one can be fired work is a giant tit for these non competitive slobs who would not last one day in the dreaded private sector these ungreatful bastards should all have to go on social security like the rest of us