Maybe state should just go bankrupt

We now hear in the national business media that “Illinois strikes fear in bond buyers.” Here we are facing an increase in personal and corporate income taxes, and we homeowners just had an average 20 percent increase in our real estate taxes during the last two years.

We have run out of taxpaying capacity. Has anyone heard of reducing expenses? What is wrong with our leadership in Springfield and elsewhere? I say let the state go bankrupt, and then the bankruptcy courts will fix things the way only they seem to know how.

Roland G. Ley

Arlington Heights