The debt race

Well you know what I think about debts. It’s the “evil”, and piling up debt after debt is a sure way to loose really big.

 

It seems in the USA two countries are hard struggling to be the biggest loosers. California   http://endoftheamericandream.com/archives/california-bankrupt and Illionois: http://www.newgeography.com/content/001360-is-illinois-bankrupt

 The race is tight but it seems Illionois is more “broken” than California.

One even can read that partly IOUs were issued. http://blogs.moneyandmarkets.com/martin-weiss/california-defaulting-on-its-obligations-with-ious/429

And bills are left unpaid for months.

Now how long will it go on?

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