http://mises.org/community/blogs/fdominicus/archive/tags/loosers/the+trouble+with+debts/default.aspxTags: loosers, the trouble with debtsenCommunityServer 2008.5 SP2 (Build: 40407.4157)http://mises.org/community/blogs/fdominicus/archive/2011/03/23/the-debt-race.aspxWed, 23 Mar 2011 11:15:00 GMT944abf2b-d1be-4bf2-990d-438cb0e377e9:408408Friedrich Dominicus0http://mises.org/community/blogs/fdominicus/rsscomments.aspx?PostID=408408http://mises.org/community/blogs/fdominicus/commentapi.aspx?PostID=408408http://mises.org/community/blogs/fdominicus/archive/2011/03/23/the-debt-race.aspx#comments<p>Well you know what I think about debts. It&#39;s the &quot;evil&quot;, and piling up debt after debt is a sure way to loose really big.</p> <p>&nbsp;</p> <p>It seems in the USA two countries are hard struggling to be the biggest loosers. California &nbsp; http://endoftheamericandream.com/archives/california-bankrupt and Illionois: http://www.newgeography.com/content/001360-is-illinois-bankrupt</p> <p>&nbsp;The race is tight but it seems Illionois is more &quot;broken&quot; than California. </p> <p>One even can read that partly IOUs were issued. http://blogs.moneyandmarkets.com/martin-weiss/california-defaulting-on-its-obligations-with-ious/429</p> <p>And bills are left unpaid for months. </p> <p>Now how long will it go on?</p><div style="clear:both;"></div><img src="http://mises.org/community/aggbug.aspx?PostID=408408" width="1" height="1">Debtsiousloosersthe trouble with debtsabyss