thank God Clinton isn’t President.
One of her first acts would have been to create a fraudulent “stimulus” as a back-door bail-out for loyal Democrat state political machinery like Illinois.
NO Federal Bailout!!!!!
Downstate counties in Illinois should start a secession movement.
11 Billion?
Illinois will soon be bankrupt.
No federal bailouts.
“Spending on state-employee pension benefits increased 586 percent from 2000 to 2015, yet funding for human services only increased by10 percent during that time.”
I wonder how California compares... and ny...
The state needs to either negotiate with the pension beneficiaries or find a way to get legislation passed so the state can declare a BK.
The case for state bankruptcy https://www.bloomberg.com/news/articles/2016-01-21/the-case-for-allowing-u-s-states-to-declare-bankruptcy
Is Illinois the state that was selling lottery tickets but not paying out for the higher denomination wins?
I can’t remember which state it was. Ah, the liberal dream of the money must come from “somewhere” - magic and pixie dust.
I’m surprised after 8 years, obamao hadn’t figured away to “backdoor” dollars to his so-called home state of Illinois. Hmmmm, that’s right, he’s not going back there to retire and doesn’t need ‘em, so eff ‘em.
Illinois has had trouble paying its bills for many years. A lot of businesses won’t accept Ill. Government credit cards just because they take forever to pay off that charge, and the employees don’t like to use their own cards and get reimbursed for the same reason.
Just another one party city ran by leftists. Most cities that are destroyed and bankrupt are the result of “liberal” policies.
Some years ago there were breathless articles written claiming that soon Illinois wouldn’t be able to pay its bills and asking “WHAT WILL THEY DO THEN?”
Good times.
A reliable blue state - any questions?
At one time that was the size of our total national debt.
Outlaw teacher unions, then fire every single one of them. The best of them can be rehired sans the union and the outrageous contracts.
Obama’s legacy.
Lets hear the Progressive war cry: Raise taxes on the rich and when we run out of them raise taxes on businesses and when we run out of them raise taxes on the middle class. Sooooommmeeeebbbboooodddies got to pay!!!!!
Trump is NOT going to bail out corrupt Democrats. Anyone with money needs to leave that State.
Illinois · Population
12.86 million (2015)
Lessee...
divide 11,000,000,000 by
12,860,000
Around $855 per citizen of the Prairie State
. . .Proposed expenditures shall not exceed funds
estimated to be available for the fiscal year as shown in the
budget.
(b) The General Assembly by law shall make
appropriations for all expenditures of public funds by the
State. Appropriations for a fiscal year shall not exceed
funds estimated by the General Assembly to be available
during that year.
—Illinois Constitution
http://www.ilga.gov/commission/lrb/con8.htm