Posts tagged "budgets"
To ensure that state continue to pay unemployment benefits, they can borrow billions from the federal government. Thanks to our state leaders’ (Democrats) gross financial mismanagement, it’s not only the pension funds of retired teachers and state workers that are in this fix. Illinois had to borrow some $2.5 billion to help support Illinois’ unemployed... Read more »
Reports the New York Times: Faced with growing budget deficits and restive taxpayers, elected officials from Maine to Alabama, Ohio to Arizona, are pushing new legislation to limit the power of labor unions, particularly those representing government workers, in collective bargaining and politics. State officials from both parties are wrestling with ways to curb the... Read more »
Could be among the first states to default on debt since 1930s, the newspaper warns. We know about it here, although the politicians are ignoring it, hoping that it might disappear. The editorial is worth reading.
Here’s a sampling of what the GOP wave is bringing to other states. Illinois is alone in its acceptance of the status quo: big deficits, big debt, big borrowing and, to come, big tax increase.
Maybe Illinois Gov. Pat Quinn and his fellow Democrats running the state Legislature should take notice: Most Americans report their state currently has a budget crisis, and they continue to blame politicians more than taxpayers for the problem. The latest Rasmussen Reports national telephone survey of Adults shows 75% say the unwillingness of politicians to... Read more »
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