Illinois Talking Bankruptcy, Government Collapse

Illinois enters a state of insolvency

As Illinois' fiscal crisis deepens, the word "bankruptcy" is creeping more and more into the public discourse.

"We would like all the stakeholders of Illinois to recognize how close the state is to bankruptcy or insolvency," says Laurence Msall, president of the Civic Federation, a fiscal watchdog in Chicago.

"Bankruptcy is the reality that looms out there," Republican gubernatorial candidate Andrew McKenna Jr. says.

Without quick corrective action or a sharp economic upturn, Illinois is headed toward a governmental collapse. At some point, unpaid vendors will stop bidding on state contracts, investors will refuse to buy Illinois bonds and state employees will get paid in scrip, as California did last year.

"The crisis will come when you see state institutions shutting down because they can't pay their employees," says David Merriman, head of the economics department at the University of Illinois at Chicago.

While California has an even bigger budget hole to fill, Illinois ranks dead last among the states in terms of negative net worth compared with total expenditures.
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This post is a follow up on: NWO Dissolving Arizona? Claim To Be Broke And Forced To Give IOU's To 'Everyone' 1-3-10 "Dissolving state governments is a critical component of the NWO agenda to transition the U.S. into the 'global community'. This official 'no money' storyline out of ______ is a clear indication that the time has come to begin taking the crashing process to the next level..." [see post, follow links]

Fill in the blank [above] on the "no-money storyline..." with the name of your state. The carefully constructed scam to dissolve state governments is the same everywhere. State governments out, global communitarian system in. Arizona, Illinois, California, Rhode Island, Hawaii, your home state - America is being purposefully deconstructed for assimilation into the one world government. This is exactly what this lame 'empty pockets' official line is all about. As this game is played out, and that time is getting closer by the day, it will not be pretty. Rev. 18:4

compare: Controlled Financial Implosion For Global Government 10-6-08 "...the major financial firms have been consolidated at this point and taken over, and now corporate America and the state/local governments are next."
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Romans 13:11 'And that, knowing the time, that now it is high time to awake out of sleep: for now is our salvation nearer than when we believed.' Professing Christians Awake