State Bankruptcy Revisited – National Affairs

David Skeel, law prof: "The best way for Congress to help states, both with their immediate coronavirus problems and with longer-term structural issues, would be to include a state-bankruptcy framework within any pandemic-response aid package it enacts."
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UnclePugsly
3 years ago

Very good article.

I intend to stick around Illinois long enough to help make sure Jim Edger takes a 50% haircut on his unearned pension benefits.

Last edited 3 years ago by UnclePugsly
Lyn P
3 years ago
Reply to  UnclePugsly

What’s your timeline?? Hasn’t this been a critical IL fiscal issue for 10+ years…?

Governor of Alderaan
3 years ago

The experts have spoken! The science is settled! The data are indisputable! Anyone who opposes state bankruptcy is an anti-science, reactionary, stupid racist nazi!

Bill
3 years ago

I am having a real hard time here understanding just why the overwhelming majority of fiscally responsible states are now supposed to bail out those that just pissed their money away…

Last edited 3 years ago by Bill
debtsor
3 years ago
Reply to  Bill

Because Orange Man Bad!

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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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