7 Fast Facts About the Economic Collapse of Illinois –

 The state of Illinois is in big trouble. In fact, they’re facing an economic collapse. Some pundits are calling them “The Venezuela of the United States.” They owe $14,711,351,943.90 in overdue bills. This does not count their day-to-day operating expenses – this is money that should have already been paid out, but wasn’t. Nearly 15 BILLION DOLLARS. Like every person who has ever spent more than they’re making with no regard for budget, things are starting to go downhill in an ever-growing avalanche of disasters. Here are 7 thing you need to know about what’s going on in Illinois and how they got to this crisis point. 1) Illinois is about to be the first state ever to have their credit downgraded to “junk.” They’re about to become the first state ever to see their credit downgraded by Standard & Poor to “junk status,” which means they are a terrible credit risk. If they’re even able to borrow money, it will be at much higher interest rates than ever before. This means that

Source: 7 Fast Facts About the Economic Collapse of Illinois –

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