Wednesday, November 25, 2020

Tag: Red Alert Economic Collapse Update Illinois bankrupt

Red Alert Economic Collapse Update

by SGT, SGT Report:

This is a red alert economic collapse update.

The state of Illinois is now on fiscal death watch after a District Court ruling on Friday demanded that the state pay back its debts at an accelerated rate.

Federal judge Joan Lefkow in Chicago ordered Illinois to come up with hundreds of millions of dollars it owes in Medicaid payments that state officials say the government doesn’t have, the Chicago Tribune reported.Judge Lefkow ordered the state to make $586 million in monthly payments (from the current $160 million).