Re:US Federal Reserve raises interest rates for first time s...
by landemva on Thursday March 17, 2022 @03:46AM
(#30708598)
USA federalized State debts a long time ago.
I could see Illinois imploding due to retiree obligations and pieces of Illinois being absorbed by neighbor States. More likely for federal government to take over State pensions because federal government can emit unbacked money.
I could see Illinois imploding due to retiree obligations and pieces of Illinois being absorbed by neighbor States. More likely for federal government to take over State pensions because federal government can emit unbacked money.