Posted Jun 10, 2017 by Martin Armstrong

Illinois Comptroller Susana Mendoza was ordered to make a “substantial” dent in a $2 billion backlog of bills owed to Medicaid providers. The courts ruled that according to the State Constitution, it cannot reduce the pension payments to state employees. What is happening in Illinois is indicative of how governments are imploding and why I am warning get out of all State and Muni-debt before it is too late. Since State and local governments cannot “print” ………………………..

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https://www.armstrongeconomics.com/world-news/taxes/illinois-in-deep-financial-trouble/