11/01/2011
https://congress.gov...
"All local governments need to reinvent themselves, streamline and consolidate, not because they don't matter, but because they matter very, very much."
"Introducing a bankruptcy statute would force bondholders to all States to question the legal regime."
"So much of local government strikes so close to home. It is where the wheels hit the streets."
"Illinois has gone through decades of bad financial decisionmaking under both Democrats and Republicans."