Saving Illinois: Getting More Bang for the State’s Bucks
Illinois is teetering on bankruptcy and other states are not far behind, largely due to unfunded pension liabilities; but there are solutions. The Federal Reserve could do a round of “QE for Munis.” Or the state could turn its sizable pension fund into a self-sustaining public bank. Illinois is insolvent, unable to pay its bills. […]
Source: https://ellenbrown.com/2017/07/23/saving-illinois-getting-more-bang-for-the-states-bucks/
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