The NY Times takes a look at Illinois:
For years, Illinois has racked up billions in public debt to plug budget holes, pay overdue bills, and put money into its mismanaged pension funds. And for the people who live there, this has resulted in decrepit commuter trains and buses, thousands of unsound bridges, 200 hazardous dams and one of the most inequitable public school systems in America.
At least this is an example of responsibility on the part of the state of IL. We can only hope that America and the Federal Government will take ownership of their debt and stop increasing the debt burden even if it might lead to less amenities for our citizens and forced innovation to be more creative with our limited resources.
ReplyDeleteAt least this is an example of responsibility on the part of the state of IL. We can only hope that America and the Federal Government will take ownership of their debt and stop increasing the debt burden even if it might lead to less amenities for our citizens and forced innovation to be more creative with our limited resources. debt settlement reviews
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