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fred c. dobbs
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Why Isn't Illinois A Bigger Story Than Greece?

- John Rubino - Dollar Collapse

Illinois is just the first, California will be soon to follow. The honorable Jerry Brown is pushing to eliminate proposition 13, the 1 percent property tax rule. For the children he says, in reality its for the Prison Union, and its over paid baby sitters, and the rest of the bumbs on the STATE TEAT.

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Début de l'article : As the Greek default (and it is a default no matter what they end up calling it) is finalized this week, the consensus seems to be that failure to reach a deal would cause a global financial apocalypse. That may be true.And if it is, why aren't we more worried about Illinois? It's more or less the same size as Greece, its finances are in the same generally catastrophic shape, and its leaders are just as feckless and dishonest... Lire la suite

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