[Sherman Logan]

As I understand it, there is no provision for states to actually go into bankruptcy.

However, at some point their checks will just start bouncing and suppliers will stop doing business with them.

I believe IL is very near this point now.

[frogjerk]

As I understand it, there is no provision for states to actually go into bankruptcy. However, at some point their checks will just start bouncing and suppliers will stop doing business with them. I believe IL is very near this point now.

One is a legal definition and the other is a literal definition. But both are basically the same thing. WE IS BROKE!

[donmeaker]

CA will get there first