http://www.zerohedge.com/news/2017-06-20/illinois-comptroller-state-can-no-longer-function-we-have-reached-new-phase-crisis
They might as well be Venezuela without a Central Bank to print $. - dc
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With just 10 days to go until Illinois enters its third year without a budget, resulting in the state's imminent downgrade to junk status and potentially culminating in a default for the state whose unpaid bills now surpass $15 billion, Democratic Illinois Comptroller Susana Mendoza issued a warning to Illinois Gov. Rauner and other elected officials on Tuesday, saying in a letter that her office has "very serious concerns" it may no longer be able to guarantee "timely and predictable payments" for some core services.
In the letter posted on her website, Mendoza who over the weekend warned that Illinois is "in massive crisis mode" and that "this is not a false alarm" said the state is "effectively hemorrhaging money" due to various court orders and laws that have left government spending roughly $600 million more a month than it's taking in.
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Reader comment in article:
HRC born n raised there.
BO learned the political rope a dope there.
Last two governors from there went to prison.
Shy town is recording record gun violence, drug problems, and murders.
No budget for 3 years.
Can not pay the bills or even maintain roads.
Gas tax is outrageous.
Even the lotteries are kickin Illinois out, and don't want em.
Keep payin out ridiculous high pensions to all high paid folks in on the take.
Can Not even legally file bankruptcy.
Talk about screwed.....