Bloomberg weighed in with this little gem of a story that the State of Illinois is flogging its debt to other parts of the world, having run short on investors in this country foolhardy enough to part with their cash.
Illinois, The Great State of Illinois, is now paying higher interest rates than that paragon of political and economic stability, Mexico. OS understands El Salvador and Honduras are gaining on them.
(Unlike Mexico, Illinois does not have oil, gas and silver reserves in the ground to actually pay the money back. They've got coal, and agricultural output, and a crumbling city of Chicago that Rahm Emanuel wants to take over--that should work well! They've got Blago, a legislature that can't shoot straight, and Obama hung around their necks like a ripe road-kill 'possum. Sign me up for some-o'that-there Illinoize paper, Bubbah! What could go wrong?)
Shhh, don't tell anybody overseas...let them find out for themselves...remember all those sophisticates in Europe love our President, who after all did tout his deep experience in shaping Illinois.
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