Tuesday, March 14, 2017

Former Illinois guv talks helicopter

Former guv courtesy Mish:“First off, the biggest problem we got with the budget right now is the interest they are paying on the debt. If I were the governor, … I’d say we are never going to be able to pay the full debt back, so let’s eliminate half the debt right now and write it off.“If that’s not constitutional, it might be worth changing the constitution. That would dramatically reduce the amount of interest that they’re paying. The bond ratings would go up and the interest would go down.”
The guv is correct, Illinois has long ago gone belly up.

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