[maximente]

the financial numbers are clear: both chicago and illinois are done. they are losing people yet adding debt, and they are not sovereign so have limited means of dealing with it. .gov will probably need to step in (federally) but this sets a real nasty precedent for the rest of the US + economy. it's certainly not getting better from a fiscal point of view.

[notfromhere]

Chicago, and by extension Illinois, are too central to the regional economy to go under. But feel free to continue believing that.