In an interview with the New York Times, Comptroller Daniel W. Hynes, of illinois, admits that his state is so deficit-ridden (12,000,000,000 “dollars”) that its employee (French for “government worker”) pensions fund is 50% under-funded, and he is unable to pay government vendors: “This is not some esoteric budget issue; we are not paying bills for absolutely essential services. That is obscene.”
[added 8/28/2021] Thanks to Freedom’s Phoenix for this entry.
Subsequent Events:
References:
Payback Time – Budget in the Red, Illinois Has Stopped Paying Bills – NYTimes.com
www.nytimes.com/2010/07/03/business/economy/03illinois.html?_r=2&ref=business