Dobbs – No Bailout For Bankrupt Illinois – Statehood For Broke Puerto Rico?

dobbs illinois puerto rico

Lou Dobbs has a few thoughts “on the State of Illinois, in crisis. Illinois just days away from entering a financial death spiral. The state’s credit has been downgraded more than 20 times since 2009. Personal income in Illinois has risen less than 1% since the recession of 2008.”

Dobbs says, “And people are fleeing the State of Illinois in droves. Illinois losing more residents last year than any other state in the union, and that’s been true for three straight years. There is no doubt who is to blame, which political party is to blame; all of this the result of Democrat policies. Dems have controlled the Illinois state legislature for fourteen straight years.”

Dobbs points out that “22 unions represent nearly all of the public employees in Illinois. And given the unconscionable mess that Democrats have made of Illinois, perhaps President Trump should just simply say, ‘no, no bailout, no more nonsense to be tolerated by the US government.’ And perhaps the state should just be stripped of its very name. I know this is radical but I’m just thinking out loud hear. Stripped of its name, maybe just say ‘enough of Democrat destruction.'”

“Strip the State of Illinois of its very name,” says Dobbs, “just leave a blank spot on the map for a while. And give the Illinois name to another cash-strapped, warmer locale that is also a vast swamp of corruption, irresponsibility and debt, Puerto Rico. The island is already in bankruptcy, it’s moving ahead nicely, thank you. Only $74 billion in debt there, $49 billion in pension obligations.”

“By contrast,” he says, “Illinois certainly, well it’s just another order of magnitude of difficulty to bail out. Illinois has more than $250 billion in unfunded pension liabilities – five times that of Puerto Rico. And approximately $15 in unpaid bills. Puerto Rico, earlier this month, voted overwhelmingly to become a state, largely because they’re broke, busted and have no other way out of their mess. They love America, wink wink.”

Dobbs adds, “And only a quarter of eligible voters showed up at the polls for the statehood referendum. In other words, Puerto Rico would fit right in here. We kick Illinois to the curb for a while. We wouldn’t even have to change the number of stars on the flag, at least for a while. Just think about it, if you will.”

 

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8 Comments on Dobbs – No Bailout For Bankrupt Illinois – Statehood For Broke Puerto Rico?

  1. WHY DOES EVERYTHING I READ SAY “MADIGAN SAYS”MADIGAN WANTS’? I WAS UNDER THE IMPRESSION THAT RAUNER WAS OUR GOVERNOR! NEVER HEAR HIM SAY ANYTHING!VERY FED UP WITH MADIGAN RUNNING OUR STATE TO THE GROUND!

  2. They do this because they know the Fed. will bail them out. The nations tax payers will have no say in this and I’m afraid we will be fleeced again.

  3. NO BAILOUT !–The Dems put the state in their mess; find your own way out. Perhaps the Clinton Foundation will give you the $$$ you need .

  4. Deplorable Doctor // June 29, 2017 at 7:40 pm // Reply

    Tens of thousands of Non-Negro people are fleeing the State of Illinois.

  5. James Moore // June 29, 2017 at 4:27 pm // Reply

    NO BAIL OUTS.

  6. Barry M. Jones Sr. // June 29, 2017 at 3:58 pm // Reply

    For Illinois largest city — Why doesn`t Chicago stop the cash flow to all the “Sanctuary City Illegals” living there.Typical liberal tactic, spend other people’s money and money they don`t have to pay for their stupid agendas and then look to the taxpayers to bail you out when they always fail. Hell NO to the “bailout”. Didn`t this state defy Trump`s order to stop funding illegals and providing “FREE” sanctuary for criminals?

  7. our govt owns them NOTHING, NO BAIL OUTS.
    LET THEM STAND OR DIE.

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