Leaked Outline of Territorial Debt Relief Act: Any relevance to Illinois and bankruptcy-for-states? – Quicktake

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Andrew+Szakmary
6 years ago

I have just one question. Why is a cash bailout for a territory in which residents do not pay federal income tax a serious possibility, but a bailout for a state in which residents not only pay federal income tax, but in which – decade after decade – residents have collectively paid much more into the federal treasury than they have received back in federal spending, beyond the realm of possibility? You may well be right that Puerto Rico will get a bailout while Illinois will not, but if so something is very wrong with our country.

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A statewide concern: Illinois’ population decline outpaces neighboring states – Wirepoints on ABC20 Champaign

“We are not in good shape” Wirepoints’ Ted Dabrowski told ABC 20 Champaign during a segment on Illinois’ latest population losses. Illinois was one of just three states to shrink in the 2010-2020 period and has lost another 300,000 people since then. Ted says things need to change. “It’s too expensive to live here, there aren’t enough good jobs and nobody trusts the government anymore. There’s just other places to go where you can be more satisfied.”

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