Illinois' budget crisis possibly the 'worst the nation has ever seen'

That's the analysis of  State Budget Solutions, a non-profit organization that advocates the application of more rigorous accounting rules (such as those used in the private sector) to more closely and accurately assessing the states' true financial condition.

The findings about Illinois so alarmed the organization that its president, Bob Williams, issued this warning:

“This report makes it clear that if legislators in Illinois don't act immediately and decisively, their state will be facing a budget crisis that we have never seen before.”

Of course, Illinois isn't alone. The group concluded that the nation's total state debt exceeds $4 trillion.

Anyone have any ideas how to pay it off, other than borrowing more money?


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  • Were you being sarcastic in the last sentence, or are you now channeling Quinn?

    However, with the reports yesterday of public employees chanting the highly unoriginal "Hey Hey, Ho, Ho..." in the capitol lobby, I don't think that the matter will be resolved short of a Grecian style default.

    At least the CTA Tattler reported that the CTA laid off two of its high functionaries in its Ministry of Propoganda. Maybe after the current CBA ends, the state will see a lot of the similar.

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