{"id":18211,"date":"2010-03-02T16:00:14","date_gmt":"2010-03-02T16:00:14","guid":{"rendered":"http:\/\/127.0.0.1\/site\/2017\/2\/1985\/ambrose_evans-pritchard-dont_go_wobbly_on_us_now_ben_bernanke\/"},"modified":"2010-03-02T16:00:14","modified_gmt":"2010-03-02T16:00:14","slug":"ambrose_evans-pritchard-dont_go_wobbly_on_us_now_ben_bernanke","status":"publish","type":"post","link":"https:\/\/kendallharmon.net\/?p=18211","title":{"rendered":"Ambrose Evans-Pritchard&#8211;Don&#39;t go wobbly on us now, Ben Bernanke"},"content":{"rendered":"<p>Barack Obama&#8217;s home state of Illinois is near the point of fiscal disintegration. &#8220;The state is in utter crisis,&#8221; said Representative Suzie Bassi. &#8220;We are next to bankruptcy. We have a $13bn hole in a $28bn budget.&#8221;<\/p>\n<p>The state has been paying bills with unfunded vouchers since October. A fifth of buses have stopped. Libraries, owed $400m (\u00c2\u00a3263m), are closing one day a week. Schools are owed $725m. Unable to pay teachers, they are preparing mass lay-offs. &#8220;It&#8217;s a catastrophe&#8221;, said the Schools Superintedent.<\/p>\n<p>In Alexander County, the sheriff&#8217;s patrol cars have been repossessed; three-quarters of his officers are laid off; the local prison has refused to take county inmates until debts are paid.<\/p>\n<p><a href=\"http:\/\/www.telegraph.co.uk\/finance\/comment\/ambroseevans_pritchard\/7338857\/Dont-go-wobbly-on-us-now-Ben-Bernanke.html\">Read it all<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Barack Obama&#8217;s home state of Illinois is near the point of fiscal disintegration. &#8220;The state is in utter crisis,&#8221; said Representative Suzie Bassi. &#8220;We are next to bankruptcy. We have a $13bn hole in a $28bn budget.&#8221; The state has<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/kendallharmon.net\/?p=18211\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":794,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[40,149,671,151,619,596,584],"tags":[],"class_list":["post-18211","post","type-post","status-publish","format-standard","hentry","category-economics-politics","category-economy","category-federal-reserve","category-politics-in-general","category-state-government","category-the-credit-freeze-crisis-of-fall-2008the-recession-of-2007","category-the-u-s-government"],"_links":{"self":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/18211","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/users\/794"}],"replies":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=18211"}],"version-history":[{"count":0,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/18211\/revisions"}],"wp:attachment":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=18211"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=18211"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=18211"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}