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Pennsylvania to borrow again to avoid running out of money to pay bills
pennlive.com ^ | September 13, 2016 | Jan Murphy

Posted on 09/13/2016 10:50:15 PM PDT by Berlin_Freeper

...This is the third time in 2016 and the fourth time in 24 months that the state has needed to borrow money to meet short-term cash needs.

Having these continued shortfalls and having them happen earlier in the fiscal year is a growing concern because it can impact the state's credit rating and cause taxpayers to have to pay interest on the money that is borrowed, according to Treasury officials.

(Excerpt) Read more at pennlive.com ...


TOPICS: US: Pennsylvania
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1 posted on 09/13/2016 10:50:15 PM PDT by Berlin_Freeper
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To: Berlin_Freeper
Can Pennsylvania confiscate your IRA?
2 posted on 09/13/2016 10:51:39 PM PDT by Berlin_Freeper
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To: Berlin_Freeper

PA is broke.

Obama didn’t know that in Tuesday’s rally there.


3 posted on 09/13/2016 10:52:21 PM PDT by goldstategop ((In Memory Of A Dearly Beloved Friend Who Lives In My Heart Forever))
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To: goldstategop
OBAMA: (Chanting) Hillary.
4 posted on 09/13/2016 10:53:47 PM PDT by Berlin_Freeper
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To: Berlin_Freeper

hate to say but a 401k or any government cartel account is not protected from complete confiscation. by any government.


5 posted on 09/13/2016 11:22:51 PM PDT by kvanbrunt2 (all your base are belong to us)
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To: kvanbrunt2
Penn seems to be getting aggressive about it.

Hello this is me and I still want my money.

6 posted on 09/13/2016 11:43:49 PM PDT by Berlin_Freeper
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