I have a good friend. Best friend from high school in the mid-80s. His business was shut down today. Just got off the phone and he was in tears. He laid off 12 people, the most who had worked for him 6+ years.
What is this business? He provides Medicaid reimbursed travel from a household to a hospital or health care client. His insurance isn't cheap. He has amazing vans. His drivers rock.
Yesterday the state of Illinois told him they couldn't pay him. Oh and BTW, they couldn't pay him for the previous quarter, services already billed, until maybe September.
You want a personally story ..... there you got one. My state of Illinois is so broke they can't pay their bills.