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On the economic numbers, at least on an accounting basis, Illinois and Connecticut are also failing states, and are in imminent risk of bankruptcy.
by cmurf 9y ago
On the economic numbers, at least on an accounting basis, Illinois and Connecticut are also failing states, and are in imminent risk of bankruptcy.
- AnimalMuppet 9y agoOn the crime numbers, Illinois looks pretty bad, too. (That's relevant to the "failing state" claim, because anarchy in the streets means that the state's law enforcement efforts are ineffective.)
- devmunchies 9y agoit also makes the law enforcement more expensive and, in this case, more wasteful.
- cmurf 9y agoAnd potentially more desperate, which can result in collective punishment, various civil rights violations, and expensive lawsuits. This is about what you expect from kakistocracy.
- notfromhere 9y agoMostly a pension thing. Illinois will pull through so long as Chicago is still the center of the Midwestern economy
- WkndTriathlete 9y agoI'm skeptical of that claim. The only economies that Chicago is at the middle of in the Midwest are agriculture futures for big ag business and options trading for big financial business. Otherwise, Chicago's economic footprint outside of Illinois extends to cover Milwaukee and maybe western Michigan and Indiana. If Illinois suffered an economic collapse I'm pretty sure the futures and options exchanges could be moved out of the city in short order. There are other big cities on Lake Michigan or Superior that can (and do) act as ports that could take over the shipping traffic. What else would be left?
- notfromhere 9y agoChicago has a very diversified economy. It's not all corn fields and futures.