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OpenCalais Metadata: Latitude: 
40.4298247444
OpenCalais Metadata: Longitude: 
-88.9244490556

Payouts Over $25,000 "Will Experience A Delay" As Powerball Pulls Out Of Illinois Today

Payouts Over $25,000 "Will Experience A Delay" As Powerball Pulls Out Of Illinois Today

As if Illinois didn't have enough to worry about between an imminent downgrade to junk (as soon as July 1), soaring debt costs, insolvent pension funds, and roads that may soon resemble the lunar surface, today in the latest insult to a relentless series of injuries, the lottery itself, including the popular Powerball and Mega Millions, is set to dump Illinois because the state literally can't afford to payout winners.

Illinois Policymaker: "We Are About To Become The Financial Deadbeat Of The Nation"

Illinois Policymaker: "We Are About To Become The Financial Deadbeat Of The Nation"

One week ago, Illinois state comptroller, Susana Mendoza, gave a detailed explanation in her letter to Gov. Rauner and members of the state legislature - two parties that have been locked in a nearly three year long confrontation, preventing them from agreeing on a state budget - explaining why Illinois was on the verge of total collapse.

Are Illinois & Puerto Rico Our Future?

Authored by Patrick Buchanan via Buchanan.org,

If Gov. Bruce Rauner and his legislature in Springfield do not put a budget together by Friday, the Land of Lincoln will be the first state in the Union to see its debt plunge into junk-bond status.

Illinois has $14.5 billion in overdue bills, $130 billion in unfunded pension obligations, and no budget. “We can’t manage our money,” says Rauner. “We’re like a banana republic.”

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