Pritzker Finds Running Most-Troubled U.S. State Only Gets Harder – Bloomberg

When the EU, which is a consortium of countries under one currency similar to each individual state under the US dollar in the United States, bailed out the PIIGS (Portugal, Italy, Ireland, Greece and Spain) they put the countries on a new fiscal path with reform including spending cuts and in some cases higher taxes. I don’t see why the U.S. would treat the PIIGS equivalent of states any different. Spending reforms are a condition of any bailout. Much like Greece though, I doubt there will be the political will to inact but Greece now has lower borrowing costs than… Read more »