Thursday, June 22, 2017

WELL DONE, DEMOCRATS: The Entire State Of Illinois Is About To Go Bankrupt


 

(Daily Wire) Gov. Bruce Rauner (R) of Illinois believes that his state is on the verge of "banana republic territory" because the state faces an imminent financial crisis. As described in a story published by The Fiscal Times on June 12:
Last week, the state marked the second full year in which Gov. Bruce Rauner and a combative Democratic legislature were unable to agree on a new operating budget. The state Senate the week before rejected a House-passed budget measure premised on a $7 billion revenue shortfall after Rauner threatened to veto it.
The article further explained the state's financial predicament:
The state was responsible for a record backlog of unpaid bills totaling $14.7 billion, causing fear among programs and local agencies dependent on state aid. State legislators also failed to approve a stand-alone kindergarten through 12th-grade education budget that was vital to the operations of the financially struggling Chicago school system, Reuters reported. A $15.7 billion bill to ensure schools open in the fall passed the Senate but was soundly defeated in the House.
More at Daily Wire 
 

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