Bankrupt Illinois Wants to Borrow More Money to Get Out of Debt

http://wqad.com/2017/07/13/illinois-strategy-for-digging-out-of-debt-taking-on-more/ SPRINGFIELD, Ill. (AP) — Illinois lawmakers who recently ended the longest fiscal standoff of any state since the Great Depression are counting on an ironic strategy to dig out of mountains of debt: borrowing even more money. It’s an unorthodox approach considering deficit spending largely created the mess and Illinois’ worst-in-the-nation credit rating makes borrowing inordinately expensive. However, supporters say it’s the best way to begin to erase $14.6 billion in overdue payments to vendors and service providers. Twitter @HollySeeliger Support me on Patreon https://www.patreon.com/hollyseeliger Support me on Paypal via my email "holly.danger@live.com" or click "donate to paypal" button on my homepage. I love Patreon and Paypal subscription donations in sums of $7 or $14 (my lucky numbers!) You can also send letters and checks to: Holly Seeliger P.O. Box 5185 Portland, ME 04101

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