Remember the "tobacco settlement," in which the cigaret companies agreed to pay billions and billions of dollars to the states in order to wage campaigns against smoking?
And he is proposing a plan that would "liquidate" money from
Illinois' tobacco settlement. Quinn's budget office estimates the money from the tobacco settlement
and other state bank accounts that would be cleared out could free
up close to $2 billion.
Not that Illinois has been doing such a great job spending the money, but, what the hell? Is it legal to spend the money on something other than the purposes set out in the agreement? (Read the settlement, and you'll find that you're drowning in lawyer speak, so I guess it will take a lawyer to figure it out.) In effect, Quinn is proposing that the tobacco companies that paid the settlement bail us out of our irresponsible spending.