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9/14/2016 7:06 am  #1


How are they going to pay this back?

I'll bet they're going to ask the taxpayers to foot the bill.

Thanks to our irresponsible state legislators, the state has to borrow to pay its bills.


Pa. just borrowed $1.2 billion to pay its bills
Published On: Sep 14 2016 07:29:23 AM EDT

Doug Hallman
HARRISBURG, Pa. -
The Pennsylvania Treasury has drawn $1.2 billion line of credit to pay the state’s bills.

So far this fiscal year, which started at the end of June, the state has borrowed nearly $2 billion to make ends meet.

Treasurer Timothy Reese says the borrowing “illustrates Pennsylvania’s poor financial health.”

The state has to pay back the money with interest by June 30, 2017.




Paybacks are hell.

 

9/14/2016 8:09 am  #2


Re: How are they going to pay this back?

Another Kick the Can Down the Road ! 


"Do not confuse motion and progress, A rocking horse keeps moving but does not make any progress"
 
 

9/14/2016 9:19 am  #3


Re: How are they going to pay this back?

And we're only in the third month of a new budget.  Way to go PA!

 

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