Illinois is fucked. No, US Taxpayers aren’t going to guarantee your lofty Public pensions. Fuck off.
With Illinois’ tax base literally walking away, less and less people are there to foot the massive bill the Democratic politicians in the state have stuck on the remaining residents. They tried to hike taxes to compensate, but that only caused more people to pack up and leave for a less expensive place to live.
“As people leave the state, they take their pocketbooks with them. That means there are fewer Illinoisans to pay the bills,” said Orphe Divounguy, chief economist with the Illinois Policy Institute. “It’s worrying because if you have a declining population and a declining labor force, you will for sure have a further slowdown of economic activity going into 2018.”