Illinois careens into financial meltdown
this is so....unsuspected. No one even saw it coming.
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Illinois is grappling with a full-fledged financial crisis and not even the lottery is safe – with Republican Gov. Bruce Rauner warning the state is entering "banana republic" territory.
Facing billions in unpaid bills and pension obligations, the state is hitting a cash crunch that is rare even by Illinois standards.
A top financial official just warned 100 percent of the state's monthly revenue will be eaten up by court-ordered payments. Rauner is calling a special session of the Democrat-led General Assembly in a bid to pass what he hopes will be the first full budget package in almost three years.
And Illinois will – literally – lose the lottery if the budget fails.
The state lotto requires a payment from the legislature each year. The current appropriation expires June 30, meaning no authority to pay prizes. In anticipation of a budget deadlock, the state already is planning to halt Powerball and Mega Millions sales.
If it's a republican or a white man in ANY story..the news media will tell you the very first sentance. If it's not..they many never say at all.
So...you learn more from a journalist by what he doesn't say..than by what he does..
I know one thing... I am going to obey the speed limit when I drive through Illinois. I can just imagine that Illinois jurisdictions will be tempted to increase revenues by ticketing more people.
I do not fill up with gas in Illinois. The gas taxes are much higher there than in surrounding states.
Steem on,
Mike
back in the day.
truckers used to call 'Sick and Loud ' a commie state.
Some people say the end will begin in Chicago.
death, desolation and ruin follow socialists like stink follows a skunk
And they still don't see it! Or the do and just don't care.
Yell what you just said from the mountain top.
@everittdmickey keep posting great content and steam on
Watch when Illinois files for bankruptcy
OOOOOPS!!!!!!