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I'm from Illinois. If we're bailed out then (nearly) everyone in government here should be canned. Actually, they should be canned regardless of what happens.
John Kass (I call him Jack) of the Chicago Tribune wrote a funny article about chopping it up and giving it away to various states. Where I live, we'd be incorporated into Wisconsin, for example.
I'm sure that would thrill my neighbor to the north, AminWI.
Blue states typically receive less than a dollar for every dollar they pay while red states typically receive 1.5 for every dollar they pay.
Illinois is one of the most shafted of those blue states.
Stop subsidizing the South.
Seriously. They have enough cheap land and labor they should in theory be able to boom economically.
A lot of military bases are in the south.
Also a lot of government programs target blue voter demographics, which are strong in much of the red states ironically.
If you start cutting this, what do you propose - cutting funding for those in poverty -- which democrats win. Or cutting military bases - there are less in the North due to weather.
I'm from Illinois. If we're bailed out then (nearly) everyone in government here should be canned. Actually, they should be canned regardless of what happens.
John Kass (I call him Jack) of the Chicago Tribune wrote a funny article about chopping it up and giving it away to various states. Where I live, we'd be incorporated into Wisconsin, for example.
I'm sure that would thrill my neighbor to the north, AminWI.
What's the feeling in Chicago? On the plus side, you still have a large number of Fortune 500 companies so I think Chicago is fine unless these companies start abandoning, we could then see a quick fall.
just raise taxes 30% in Illinois, why would anybody bail them out?
Just wondering why no one has mentioned anything about cutting costs? They may have no choice but to raise taxes but again that could trigger a huge out migration lowering revenues.
Absolutely not. Not a single dollar. They have been sewing this story for decade(s). They have pension recipients set to receive lifetime payouts of $10m. Illinois, Chicago, etc at the moment are ponzu schemes and racking up the bills with the intention of passing them to someone else.
What's the feeling in Chicago? On the plus side, you still have a large number of Fortune 500 companies so I think Chicago is fine unless these companies start abandoning, we could then see a quick fall.
People think something has to be done, and what does that mean outside of a bailout?
And that's true, but there should be some steep price attached to that. Like people in high places should be fired or no bailout.
And you're correct that we have a good number of Fortune 500's here. We've lost some companies, though, and people are still moving out of the state. It's too expensive, you don't get a return for what you're paying and the winters are lousy. Not to mention every time it rains or snows it increases travel time anywhere from 50 - 75%.
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It might trigger a massive move out of Illinois which would have the effect of accelerating the inevitable. 
