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To: All

Will be interesting to see if state pensioners are in line ahead of Medicaid providers (to be paid):

http://www.zerohedge.com/news/2017-07-01/horrific-catastrophic-court-ruling-send-illinois-financial-abyss

“Friday’s ruling by the U.S. District Court takes the state’s finances from horrific to catastrophic,” Comptroller Susana Mendoza, a Democrat, said in an emailed statement after the ruling.
As a result of the court decision, “payments to the state’s pension funds; state payroll including legislator pay; General State Aid to schools and payments to local governments — in some combination — will likely have to be cut.”


13 posted on 07/01/2017 6:30:38 PM PDT by Drago
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To: Drago

And if the Comptroller doesn’t pay what the Judge says, because really, there isn’t enough money, then what? You can’t order something done and have dollars magically appear.


14 posted on 07/01/2017 6:55:13 PM PDT by BJ1
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