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Illinois and Puerto rico seem to show the same sort of pattern , huge spending , huge pensions and powerful unions , loss of population and astronomical pension liabilities . Credit ranking outfits like S&P and Moody's are expected to slap Illinois with a "junk" credit rating any day now should it fail to produce a budget. The first state ever to reach junk status
What's the next state or territory facing massive problems?
I have read that in some business papers a lot lately . Strange how a rich state can be losing so many people and companies . It seems like declining population and lot of spending high government pensions etc. are a recipe for disaster.
Kansas. Not only are they in financial trouble but have nothing to show for it. At least the other states have a good school system. Kansas is the poster child of why trickle down economics does not work.
Kansas. Not only are they in financial trouble but have nothing to show for it. At least the other states have a good school system. Kansas is the poster child of why trickle down economics does not work.
I agree, you beat me too the post.
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