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The Broken States of the Union

Original newz story - Click here

For the first time in US history a handful of US states is teetering on the edge of bankruptcy. Illinois is about to be downgraded to junk bond status, which will turn its financial problems catastrophic overnight. Illinois cannot possibly pay its accumulated debt, its unpaid medicaid expenses and its future retirement obligations, so bankruptcy […]

This excerpt from The Broken States of the Union was written by David Haggith and can be found on The Great Recession Blog.

Source:  thegreatrecession.info