Economics

Welcome To Venezuela North AKA Illinois

Venezuela north AKA Illinois is now at the next stage all bankrupt entities go through…simply ignoring bills and failing to pay them. The AP and several other outlets reported that as of the end of June, 2017, over $7.5 billion worth of unpaid bills — over half the total due, [Read More]

Economics

Illinois Decided On Slow Death Instead Of A Quick Suicide.

Last week I went into detail regarding the dire condition of the State of Illinois’s finances and why they were likely to end up as the first U.S. state to declare bankruptcy.As recent developments show apparently the government of Illinois decided on slow death instead of a quick suicide. Let’s [Read More]

Economics

Whadd’ya Know…Illinois is Bankrupt!

The state of Illinois seems to be following along with what’s been called the Blue State model..it’s on the verge of going bankrupt. Facing billions in unpaid bills and pension obligations, the state is hitting a major cash crunch and facing insolvency. Its Republican governor Bruce Rauner (more about him [Read More]