Democrat Illinois is broke and will cease all road work on July 1

The state of Illinois is broke, so broke that the state government sent a notice to contractors that beginning July 1, they are to halt all road work, except what is needed for safety. Investment adviser Mike “Mish” Shedlock of Mish Talk reports that after years of over-spending and a very business unfriendly environment, the state of Illinois is in dire financial straits. The state government has not passed a budget for close to three years, its unpaid bills are a whopping $14.3 billion, and Moody’s has downgraded its bond rating, with five Illinois universities rated junk. -- More...