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Old 02-18-2011, 02:59 PM
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limabeanactuary limabeanactuary is offline
Mary Pat Campbell
Join Date: Jan 2010
Studying for Anglo-Saxon
Favorite beer: Bass Ale
Posts: 14,148

This should be fun.

Gov. Pat Quinn may ask the federal government to guarantee debt he said the state has to take on to make this year's contribution to its pension fund.

The detail was disclosed within Mr. Quinn's budget, which he released Wednesday, and was reported Friday by the New York Times.

The $3.7 billion in bonds Mr. Quinn wants to use to pay the state pension fund were supposed to go on sale Thursday, but the transaction has been scheduled for Tuesday and Wednesday. The likelihood that the federal government would back the debt is small, since Republicans have hinted that they would oppose that kind of support.

Yeah right.

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