Kirk Willing to Let Illinois Go Bankrupt

In an interview with Craig Dellimore with WMMB-Radio, U.S. Senator Mark Kirk indicated that he would be willing to vote to allow state government in Illinois to declare bankruptcy:

“Between a bailout, which has no possibility of passing in the House, and a default, which means suddenly, the state treasury runs out of money to pay for anything, is there something that allows a state to work out its debt situation?”

That beats a Federal bailout, which Kirk said could not pass the U.S. House, and default.

“Bankruptcy would allow the state to restructure its pension system so that it may preserve benefits for existing employees,” the WBBM story concludes.

No one at the Crystal Lake Town Hall Meeting Saturday afternoon at McHenry County College brought up the question.


Comments

Kirk Willing to Let Illinois Go Bankrupt — 1 Comment

  1. If they let the State go Bankrupt they won’t be staying in politics. After stealing all of the Stae employees money do you really think they will still have jobs. That would be the theft. I don’t think their is a judge that is that corrupt that would let that happen.

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