Thursday, June 15, 2017

Illinois is a zombie state

It's dead but it keeps moving....Zero Hedge: "Unable To Pay Bills, Illinois Sends "Dear Contractor" Letter Telling Firms To Halt Road Work On July 1."  They're out of money: "Illinois is essentially bankrupt. Unfortunately, there is no provision for states to declare bankruptcy.  States can default, however, and default is an easy prediction for Illinois’ public union pensions."

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