Illinoisans Look To “Get Lucky” In Other States After Lottery IOU Debacle

Two weeks ago, Illinois Comptroller Leslie Geissler Munger announced that the state would skip a $560 million pension payment in November thanks to the budget battle in Springfield. The news marked the latest embarrassment in a string of setbacks tied to an increasingly serious financial crisis that was thrust into the national spotlight in May when the State Supreme Court’s decision to strike down a pension reform bid prompted Moody’s to downgrade Chicago to junk.

As we documented back in August, the state is in fact so broke that it’s begun paying lottery winners in IOUs.

Read more at ZeroHedge.com