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RE: Podcast: The COLLAPSE Has STARTED! ~ Illinois To Cut PENSIONS! ~ 🎤 [Audio Included]
There are parts of this nation that have been in collapse for decades. The rust belt has been in economic collapse since at least the late 80s. Detroit has fallen apart and just enough of it was bailed out to draw attention away from the issue for most of the country. The problem with Illinois is that Chicago is an economic powerhouse in this country. The feasibility to bail out a state at the scale of Illinois will be tough to swallow, yet MAY not be past the economic "event horizon."
If we see this occur with California, all bets are off.
It's only a matter of time before it happens to California. They are broke just like every other state. Some states are more broke than others...but they keep spending the money. It's going to catch up to them.
Agreed. I empathize with left leaning political types, but it seems like the most leftist states in the union are in the sorriest financial shape.