Comment: Later this week we will write about why critics of the concept of bankruptcy-for-states are wrong. The topic deserves a full hearing. Our support for it would depend on what the legislation said, and it could take many very different forms.
A largely unasked question is becoming glaring: Is Illinois doing all it should to use artificial intelligence to make government cost less and work better? So far, the evidence says no.
The bankruptcy idea is so stupid, if you’ll be on the receiving end of it; otherwise, not so much.
“Bankruptcy is for insolvent entities”
It sure it!!!! IL & NJ both qualify!!!