Doesn't matter if there is a "legal obligation" or not, if the state does not ha... | Hacker News

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		sol_remmy on March 28, 2018 \| parent \| context \| favorite \| on: Illinois pension benefits have grown six times fas... Doesn't matter if there is a "legal obligation" or not, if the state does not have money to pay then the money will not be paid.

closeparen on March 28, 2018 [–]

If I take on a $1m debt through an LLC, pocket the $1m, and have the LLC default, courts will see through that.

The state has money. The government doesn’t.

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