Truth in Accounting: Insights on The American Rescue Plan – Patch Chicago

"Interestingly, shortly after Illinois received the ARP federal aid, it was able to pay off billions of dollars of bills. The State paid off the debt it borrowed from the Federal Reserve during COVID 19. This borrowing came at an interest rate similar to junk bonds after the State previously tried to issue bonds through private markets but failed. "
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Pat
3 years ago

Well stated- we became supporters of Truth in Accounting last week.

Supporting this site and other truth-sharing sites like Wirepoints is money well spent.

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