Commentary: Illinois could be heading same direction as Detroit
Monday, July 22, 2013
The Motor City is now the bankrupt city. The news that Detroit had declared bankruptcy wasn’t unexpected, but it still was a bit of a shock. The Motor City, at one time a shining example of what innovation and a dedicated workforce can accomplish, is now a shell of itself. Although the city will continue to operate, bankruptcy is an embarrassment.
For those of us in Illinois, Detroit’s problem may be a bit of a relief. Late-night comedians will have a new punch line for their jokes, at least for a while.
But if you dig below the surface a bit, there are a lot of similarities between Detroit and Illinois.