Via Zero Hedge read a Reuters story from Dave McKinney (nee Chicago Sun-Times) on another aspect of Illinois' fiscal turpitude.
Illinois fix to unpaid bills may end up as financial time bomb
The amount of overdue bills could reach $13.5 billion, or 40 percent of available operating revenue, when the current fiscal year ends June 30, the Rauner administration has projected.
Come fiscal 2022, the backlog is projected to balloon to $47 billion. No other U.S. state defers payments to the extent Illinois does to manage cash flow, credit-rating analysts said.Holiday wishes from John McLaughlin:
Thanksgiving lessons learned from WKRP in Cincinnati: