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Illinois Careens Into Financial Meltdown – And Not Even the Lottery is Safe

At this stage of the game it’s a race to see who will end up in the financial sewer first. California who was the odds-on favorite and now Illinois [1].

Facing billions in unpaid bills and pension obligations, the state is hitting a cash crunch that is rare even by Illinois standards.

A top financial official just warned 100 percent of the state’s monthly revenue will be eaten up by court-ordered payments. Rauner is calling a special session of the Democrat-led General Assembly in a bid to pass what he hopes will be the first full budget package in almost three years.

Both California and Illinois are ofcourse being run by …Guess Who?
Oh, and by the way…. How do you have a monopoly on a lottery and not be able to turn a profit with it?

The obvious answer is have government-run the thing.