Tagged: bankrupt

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Featured

What Have We Learned

So, what have we learned in the last 2064 years? “The budget should be balanced, the Treasury should be refilled, public debt should be reduced, the arrogance of officialdom should be tempered and controlled, and the assistance to foreign lands should be curtailed lest Rome become bankrupt. People must again...

Illinois 2

General

Illinois Bankrupt, Gives Raises to Staff Anyway

The state of Illinois is nearly bankrupt. For years, the state has spent beyond its means and ignored its unpaid bills and obligations. Illinois currently faces a budget deficit of $14-15 Billion and total debt of around $140 Billion. Paralyzed by the worst deficit in its history, the state has...