I take it that this means US citizens in other states will be footing the bill through the fed for Illinois pension debt?
i believe that would be the case. even citizens without pensions will be helping fund the pension liabilities of this continuing criminal enterprise.. er, state.
You bet.
And you know what the justification will be?
We hear it all the time now.
... oooo we bailed out the banks so why not _____.
How many freaking times do you think we’ll hear this?
Thanks (mostly Dem) Congress and Bush. Great going. Moral hazard to infinity.
Well let’s just have all the states declare bankruptcy, emergency, whatever, and go on and bring this thing down amd be done with it. Then the left will have to show their totalitarian faces once and for all, and we will see if enough Americans have the will our forefathers had to sacrifice for our freedom.
I take it that this means US citizens in other states will be footing the bill through the fed for Illinois pension debt?
Yup.