Commentary: Let’s scrap Illinois and build New Illinois – Chicago Tribune

This can all be done: After months (not years) of negotiations, a Republican Congress and Democratic administration cooperated to pass a bill establishing a process for restructuring Puerto Rico’s debts in early 2016. Illinois is many times larger than Puerto Rico and is in the center of our nation in many respects; working with the people of Illinois to reduce liabilities and avoid a failed state at the heart of our union is an urgent national priority.