How is it possible for a state to go bankrupt?
Apparently the state owes nearly $4 billion in unpaid bills and Comptroller Dan Hynes says if lawmakers don’t act soon, it could reach $5 billion by next March."
http://illinoishomepage.net/content/fulltext/?cid=48371
Really mind boggling how people mismanage these large sums of money.
Tuesday, November 18, 2008
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