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Thread: Could Illinois be the first state to file bankruptcy?

  1. #51
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    Quote Originally Posted by Cthulhu View Post
    Idaho/Montana/Wyoming area. Some parts of Utah are good too.

    Sent from my evil cell phone.
    I need to take the wife on a recon of that area. She would like the cold winters.
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  2. #52
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    Cthulhu's Avatar Senior Member
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    Quote Originally Posted by Peter1469 View Post
    I need to take the wife on a recon of that area. She would like the cold winters.
    Upper panhandle of Idaho would be to both of your liking. But buy a backhoe first

    Sent from my evil cell phone.
    "For we wrestle not against flesh and blood, but against principalities, against powers, against the rulers of the darkness of this world, against spiritual wickedness in high places."

    Ephesians 6:12

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    donttread's Avatar Senior Member
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    Quote Originally Posted by Peter1469 View Post
    Hopefully no federal tax dollars will bail them out. If that happens, other states will follow suit and soon the federal government will go bust.

    I know but can you see our government NOT sticking their nose in?

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    Quote Originally Posted by donttread View Post
    I know but can you see our government NOT sticking their nose in?
    Well Puerto Rico is a test case. They are in bankruptcy now.

    If the federal government tries to bail all of these problems at the state and local level out, the nation will collapse.
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    Illinois Blows Budget Deadline, Pushing It Closer to Junk

    The legislature refused to pass a budget.

    Illinois entered its third straight fiscal year without a budget as Republican Governor Bruce Rauner and Democratic lawmakers struggle to agree on how to rein in the government’s chronic deficits, pushing it closer toward becoming the first junk-rated U.S. state.


    State legislators failed to enact a budget by the end of Friday, the last day of the fiscal year. While negotiations continued and lawmakers planned to meet, House Speaker Michael Madigan said no votes would be taken over the weekend, according to the Associated Press.

    The failure marked a continuation of the unprecedented impasse that’s left Illinois without a full-year budget since mid-2015. Without a deal around July 1, S&P Global Ratings has warned that the nation’s fifth-most-populous state will likely get downgraded again, losing its investment-grade status.
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