why is illinois going bankrupt - EAS
- Illinois is on the verge of becoming America's first state with a junk credit rating. The financial mess is the inevitable result of spending more on pensions and services than the state could afford -- then covering it up with reckless budget tricks.
money.cnn.com/2017/06/29/investing/illinois-budget-crisis-downgrade/index.html - People also ask
- https://www.forbes.com/sites/ikebrannon/2020/06/05/...
The recent passage of the deadline for ballot initiatives on May 3rd means that the state cannot do meaningful pension reform on its own until 2023 at the earliest without federal …
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- https://www.quora.com/Why-is-Illinois-bankrupt
SciFi Writer Author has 2K answers and 413.5K answer views 2 y. First, Illinois is not bankrupt. Bankruptcy is a technical term with technical definitions. Illinois has deficits, primarily due to …
- https://www.chicagobusiness.com/news/why-illinois...
May 01, 2020 · The magnitude of the current crisis is reflected in forecasts of $160 billion to $180 billion in lost state revenue for the fiscal year starting July 1. Illinois is saddled with $138 billion in...
- https://www.dailywire.com/news/well-done-democrats...
In short, Illinois is on the verge of filing for Chapter 9 bankruptcy, which could shut down the entire state. The actual cause of much of the state’s financial problems originated in 2011 when the …
- https://www.dollarcollapse.com/state-bankrupt-illinois
Oct 23, 2020 · CHICAGO (Reuters) – Illinois is scheduled to sell $850 million of bonds on Tuesday as investors demand fatter yields for the state’s debt due to …
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- https://www.forbes.com/sites/adamandrzejewski/2020/...
Apr 27, 2020 · Illinois could soon be the first state in history to have its bonds rated as “junk.” Last month, both Moody’s MCO -5.4% and Standard & Poor’s downgraded Illinois debt to just …
Illinois On The Brink Of Going Bankrupt Due To …
https://breakingfirst.com/illinois-on-the-brink-of-going-bankrupt( TNS) The state of Illinois, which has been in steady but steep decline for years thanks to near-universal Democrat rule, is on its way to junk bond status and economic collapse, along the lines of Puerto Rico, another Democrat/Leftist …
Time Magazine’s take: Why Illinois is Going Bankrupt
https://wirepoints.org/time-magazines-take-why-illinois-is-going-bankruptJan 18, 2013 · http://swampland.time.com/2013/01/18/why-illinois-is-going-bankrupt/
- https://www.illinoispolicy.org/reports/pensions...
Illinois’ massive, growing, government-worker pension debt is a direct result of three major factors: overgenerous pension benefits, political manipulation and inherent flaws of pension plans. 1....
- https://www.cnbc.com/2020/05/20/why-states-cant-go-bankrupt.html
May 20, 2020 · Here’s why politicians are urging U.S. states to go bankrupt Senate Majority Leader Mitch McConnell’s comments suggesting he would let states go bankrupt ignited a …
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