IPFS News Link • Government Debt & Financing
Unable To Pay Bills, Illinois Sends----
• zerohedge.com by Mike ShedlockThe state of Illinois has not passed a budget for close to three years.
Arguably it's just as well because Illinois budgets for decades have been nothing but a moth-eaten collection of lies, one time deficits repeated endlessly, and financial wizardry statements designed to disguise Illinois' real problems: failure to rein in spending coupled with a very business unfriendly environment.
As Illinois' bond rating careens towards junk, Illinois Unpaid Bills Jumped to $14.3 Billion. Today, the state told contractors to halt roadwork other than that required for safety.
Dear Contractor
I do not have a link, but here is the letter in image form.