The State of Illinois' finances aren't the only bad, bad, bad money situation in the Land of Lincoln.
Heard about Chicago Public Schools?
"We cannot cut our way to a balanced budget," said Chicago schools chief Forrest Claypool in a call with reporters. "Unfortunately, if Springfield fails to do its part, we will be forced to close a $500 million gap later this year with a mixture of more unsustainable borrowing and even deeper cuts."
There's more. Much more. Read:
How sad we've mismanaged things for so long that today's kids are paying for it.
We are stupid.
Out for now.......
Matt