“In a well-publicized move, Illinois decided earlier this week to forgo a $500 million bond offering after the interest rate it had to pay wary investors to buy the bonds rose too high. Illinois must already pay 1.4 percentage points more than states with a AAA rating to attract investors to its debt, thanks to a recent downgrade of the state’s financial status by Standard & Poor’s, which noted among other things the state’s failure to fix its poorly funded pension system. How wary are investors of the state’s debt?”
http://www.publicsectorinc.com/forum/2013/02/is-illinois-a-bigger-default-risk-than-iraq.html
Related posts:
Florida City Caught Issuing 1645 Camera Tickets On Shortened Yellow
French Senate Holds Hearings on Bitcoin
UK 'internet safety' plan just means internet censorship
This is what armed revolution looks like
They Hate Us for Our Freedom
In sexting case, VA prosecutors want to photo teen’s erect genitalia
Ten Police Officers Arrest Two Obama Impeachment Sign Wavers
Is Spain Preparing For Its Own Deposit "Levy"?
FBI vs. Actress Jean Seberg
China responds to NSA tampering with network gear vetting process
72 Types Of Americans Government Considers “Potential Terrorists” [2013]
ADP Jobs Number Blows Through the Roof
The Myth of the Efficent Government Organized First Responders
A Look at Real Estate in Malaysia & Singapore
Seattle police distribute marijuana education via Doritos bags at annual Hempfest