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Old 10-28-2012, 06:33 PM
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Forget Greece, Look to Illinois and Beware

The state of Illinois and the nation of Greece have similar sized populations. They also face similarly dire financial problems according to a new report by Illinois' State Budget Crisis Task Force. The report calls Illinois' budget "a mess" and says unfunded liabilities in the state are "not fiscally sustainable." The report blames the crisis on decades of poor leadership which chose accounting gimmicks over fiscal discipline.
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