Remember how the debts of big states get paid by everyone through fed tax deductions? This article tells about how Illinois plans on climbing out of its pension hole…..and it ain’t pretty. Oh, sure. It will upset unions for a while until the main mob boss (guess who) can get things back in order by distribution. I can smell it now.
Did you ever really think that when liberals are in control that ANY state would/could default? Remember, there is never enough money that can’t be stolen….I mean had, to straighten things out. Illinois and California are the hot zones to watch for upcoming economic meltdowns. It will happen sooner rather than later.