Illinois is broke. The state is the most bankrupt state in the union. How bad is it. It is so bad that the Power Ball will no longer allow Illinois to participate in it. Started in 1992, the Power Ball had 44 states participating in it. Now it will have only 43. Illinois has given state lottery winners I.O.U. and been caught using lottery funds to pay state budget deficits for their pensions. Illinois could not provide a satisfactory budget to the Multi State Lottery Association (MUSL) so they have been dropped. This is just the tip of the iceberg. States can not print money out of thin air like the Treasure Department can using the Federal Reserve to do so. This means that States have a much harder time kicking the can down the road. Governments have a record of over promising and over spending.
What is wise, is to be self sufficient. Try not to get yourself in a position where you rely on the government. Government was meant to help you temporarily during a time of crisis or when you were down on your luck. It was never meant to be a permanent safety net. Unfortunately, we have gotten to a place where there are third generations that are born and raised on permanent government subsidies. This will not go well for them when States, like Illinois, go bankrupt. Do not think that just raising taxes will help either. If Illinois were to tax the citizens 100% the State would still be short of money.
Investing and participating in crypto currencies is a valid solution for becoming self sufficient. Being an early adopter is almost like being guaranteed to win the lottery. Proper study and do diligence can help you take a few dollars and turn it into huge gains. Some of the potential gains can be life changing. Yes, the State of Illinois might be broke but you do not have to.
P.S. Illinois should be buying Bitcoin, Etherium, Litecoin and others. If they did, they might actual get out of their financial mess.