Opinion: Illinois doesn’t allow municipal bankruptcy — but it should – Crain’s

Harvey Illinois water tower
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Leaving Soon, just not soon enough
1 year ago

The lawyers would gain lots of business.

mqyl
1 year ago

If bankruptcies wipe the debt slate clean, what’s to prevent the corrupt mismanagers in charge from continuing in their awful ways?

Old Spartan
1 year ago

Wow! Who woke up the Crain’s editorial board. This topic has been widely talked about by Wirepoints and others for at least six years. A major reason why Illinois and Chicago are in such dire financial shape is that news outlets like Crain’s have been derelict in their duty to cover government finances honestly and thoroughly, which they have not done. The Democrat politicians have gotten away with fiscal chicanery for years and the media has given them a free pass. So now Crain’s wakes up? What a disgrace.

Call my shrink
1 year ago
Reply to  Old Spartan

Not one of these municipal rags has any journalistic integrity. They shill for the dems. And that is why we aren’t finding enough in trash cans to line our bird cages

Riverbender
1 year ago

Just being a devils advocate, maybe bankruptcy would not be a good thing. Bankruptcy would make the people that voted for the mess actually not have to pay for what they voted for. Bankruptcy would let them off the hook and encourage others to keep voting for the goodies knowing their choices would be taken care of either by bailouts or bankruptcy. Voters need to realize that their votes are important and have consequences. Perhaps in Harvey they will finally wake up

Last edited 1 year ago by Riverbender
ProzacPlease
1 year ago
Reply to  Riverbender

It’s not just the voters who need to learn a lesson. The people who believe they can gulp at a bottomless public trough also need to learn a lesson.

Free at Last
1 year ago

After testifying at the general assembly did you need to be deloused? When testifying, how could you look into the vacant stares of the lowlifes you were talking to and not feel that it was hopeless? That was 7 years ago. Has anything changed at all?

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