Rep. Dwight Kay (R-Glen Carbon) questioning Democrat floor leader
. . . who had the WORST time answering.
Ladies and gentlemen, our tax dollars at work, as documented by a Republican rep and the ineffable Rep. Barbara Flynn Currie, ably assisted by a young woman who kept giving her tips as she responded, or sometimes had no tips to give, leading Rep. Currie to repeat “ditto” numerous times, all in response to the Republican’s asking if a budget line item had value for a “penniless” state.
Stay to the end or go there right away in this video of fecklessness by Democrats on full display. Over a million views and counting . . .
Source: (16) Illinois Policy
Major lender says no more.
For years, Illinois has found the municipal-bond market open whenever it needs to raise money, despite budget deficits, worst-in-the-nation pension shortfalls and a political paralysis so severe it’s headed for a second year without even a blueprint for what it should be spending.
It’s about time to shut the doors on the state, says BlackRock Inc., the world’s largest money manager.
“We as municipal market participants should really be penalizing in some way, by almost not giving them any access to the market,” Peter Hayes, who oversees $119 billion as head of munis at BlackRock, said in New York on Wednesday. “Think about it — they’re a state without a budget, they refuse to pass a budget, they have the lowest funded ratio on their pension of any state, and yet they’re going to come to market and borrow money.”
This from someone who tries to handle other people’s money responsibly. Tries harder, we might say, than many if not most of Illinois’ elected officials.
Budget that tries to reverse the state’s downward trajectory vs. one that kicks can down road:
Republican Gov. Bruce Rauner on Sunday vowed to veto a House Democratic state budget bill if it gets to his desk, setting up a potential election-year blame game against Speaker Michael Madigan should public schools throughout Illinois fail to open this fall.
Pension debt solution vs. same-old, same-old:
The threat came as Rauner and Mayor Rahm Emanuel ratcheted up their battle over the governor’s Friday veto of a bill that would have created a new funding timetable for Chicago police and fire pensions. Emanuel labeled a city property tax hike that now could be needed to fund pensions a “Rauner tax,” while the governor faulted the mayor for failing to come to Springfield to work for comprehensive reforms.
Businesses vs. unions and trial lawyers:
The spring session is scheduled to end at midnight Tuesday, but Madigan said Sunday that the House would remain in “continuous session” past the deadline — the same term he used at the end of May 2015 when the stalemate started — and disregarded Rauner’s call for a quick grand compromise that included elements of the governor’s pro-business agenda, parts of which would come at the expense of Democratic allies in organized labor and civil liability attorneys
Trouble is, businesses create jobs if given a chance, unions work to raise cost of doing business while taking care of their own, lawyers love high-payout cases in which they profit handsomely.
Guess who helps or hinders economic growth and prosperity.
Source: Gov. Rauner vows to veto Madigan budget if it reaches his desk – Chicago Tribune
Thumbnail-sketch case study of standoff fallout:
The budget standoff hit home for Rachel Grainer when Illinois didn’t put up the money it promised seniors under its property tax-deferral program.
Fine. Of course, standoff doesn’t stand alone. It’s ridiculously inflated Democrat budget vs. Republican Gov. objecting to same. So I would like to see something futuristic that illustrates Illinois with budgets like this one.
Somewhere there’s a really smart columnist who can put future flesh and blood out there, online and on paper, to give us an idea of what the Republican governor finds objectionable. I ask you, is it too much to ask?
Source: BROWN: Oak Park woman faced tax hit on home over budget standoff | Chicago Sun-Times