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2010-03-11 Home Front: Politix

Gov. Pat Quinn budget proposal: Borrow $4.7 billion

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Posted by Fred 2010-03-11 00:00|| || Front Page|| [1 views ] Top

#1 Maybe more states should go bankrupt. California's first, then Illinois? What happens then to earmarks, friends' follies, graft grants, pension plans, and state supervisors?

Posted by Bobby 2010-03-11 05:47|| 2010-03-11 05:47|| Front Page Top

#2 He's also calling for a 33% increase in the state income tax rate - supposedly tied to education. They tried the same trick when the state lottery came in. That link lasted, what 2 days maybe? Sorry rubes!
Of course, as Doc Steve notes, the parts of the budget to be affected most are always kids, the poor, and the elderly. God forbid some porker should have to move away from the trough.

Posted by Spot 2010-03-11 08:30|| 2010-03-11 08:30|| Front Page Top

#3 Yet another indication of the wheels coming off.

Posted by Besoeker 2010-03-11 09:27|| 2010-03-11 09:27|| Front Page Top

#4 Yep, and it's probably going to work.

Though the Pubs here, having been shut out of all discussions the last couple years since they're in the minority in both houses (and the Dem leaders have been particularly rude) aren't going to give Quinn so much as a single vote.

Posted by Steve White 2010-03-11 09:28|| 2010-03-11 09:28|| Front Page Top

#5 This same fan dance is starting to take stage across the country. The backdrop begins with real deficits and depleted state revenues. State aid to cities is shrinking with local councils confronting unsustainable budgets. Enter the state governor singing the narrative of more budget cuts, tax increases, and borrowing. A dire gloom blankets the countryside. But harkyonder comes a figure in the distant. Could it be our hero? Why its the Federal government here to save main-street. The clouds open slightly and the birds begin to sing.
*Mark your calendar folks. The next ~~stimulus~~ jobs bill will be sold as bypassing the state and going directly to the municipalities. You know, the local government workers that have union contracts anyway.

Posted by DepotGuy 2010-03-11 10:54|| 2010-03-11 10:54|| Front Page Top

#6 If the federal government is having a hard time finding lenders, how the hell is a state gonna find that kind of scratch to borrow?

Also, once you are in a hole, aren't you supposed to stop digging?

Posted by DarthVader 2010-03-11 13:33|| 2010-03-11 13:33|| Front Page Top

#7 State and local workers including teachers earn on the average %35 more for comparable jobs in Illinois then does the private sector.

Posted by 3dc 2010-03-11 19:37|| 2010-03-11 19:37|| Front Page Top

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