Off-Topic: To Big to Fail
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Name:
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MAJ USA RET
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Subject:
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To Big to Fail
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Date:
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1/3/2011 4:22:38 PM
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Remember… I predicted this!
Illinois lawmakers will try this week to accomplish in a few days what they have been unable to do in the past two years -- resolve the state’s worst financial crisis.
The legislative session that began today as the House convened will take aim at a budget deficit of at least $13 billion, including a backlog of more than $6 billion in unpaid bills and almost $4 billion in missed payments to underfunded state pensions.
http://www.bloomberg.com/news/2011-01-03/illinois-must-plug-13-billion-deficit-in-days-that-took-years-to-produce.html
The unfunded pensioners will protest… just like the Greeks. Guess who will bail out Illinois.
YOU WILL!
…and then, you will bail out California.
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