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Fox News Channel
Democrats
Responses: 11
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The question is, how long will it be before a state gets in enough financial trouble to default on their obligations. It has already come close to happening in Puerto Rico (and no, not because of hurricane Maria). My money is on Illinois to be the first.
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SSG Robert Webster
1SG (Join to see) and PO3 Bob McCord Interesting reading at the link in my main comment. In the dissertation there is a graph that shows Illinois as the first to probably fall, with Puerto Rico being second.
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1SG (Join to see)
PO3 Bob McCord - I bet New Jersey is the next domino to fall after Illinois, and I will say that before I look at SSG Robert Webster 's chart
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This is one of the reasons Trump limited the state tax deduction. It was to control this transfer from one state to another.
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