The editors of the Chicago Tribune reject the Illinois legislature’s argument that the state should receive a bailout from the federal government:
Give Illinois money, and the politicians will mismanage it.
It’s time to give state government its own hard lesson, for the future benefit of everyone who lives and works here, and for taxpayers around the country who shouldn’t have to pay for our mistakes: No bailout. Lots of strings attached to any federal aid. Don’t enable Illinois leaders with a blank check.
I don’t believe that the State of Illinois should receive any sort of bailout from the federal government without being required to go into a sort of receivership which removes the decisionmaking from the hands of the governor or legislature and I don’t see any constitutional way of doing that. Paraphrasing Jean-Claude Juncker I think that Illinois politicians know what they need to do. They just don’t know how to hold onto their jobs if they do it.