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Maybe if Rahm Emmanuel spent more time working on the Chicago economy instead of fighting for illegal criminals, this would not happen. From CBS Illinois residents may feel some solidarity with the likes of Puerto Rico and Detroit. A financial crunch is spiraling into a serious problem for Illinois lawmakers, prompting some observers to wonder if the state might make history by becoming the first to go bankrupt. At the moment, it’s impossible for a state to file for bankruptcy protection, which is only afforded to counties and municipalities like Detroit. Chapter 9 bankruptcy protection could be extended to states
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