Friday, February 18, 2011

Illinois Debt Clock

Link here.

More. Illinois can't pay its credit card bill so it's going on the mortgage. Hell yeah. NY Times:
Illinois hopes to sell $3.7 billion of bonds to make this year’s contribution to its fund. It is essentially paying a single year’s bill by adding to its already heavy debt load. That short-term thinking is not unlike Americans taking out home equity loans to pay for cars and vacations before the housing bust.
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