Thursday, February 24, 2011

Illinois you have a problem

A review of the document suggests a gap of more than $3 billion between income and expenses in the coming year. On top of that, the state owes about $8.7 billion to groups that provide services on government’s behalf, to corporations waiting for tax refunds and to the program that provides medical care for government employees.

So the total deficit could top $12 billion. That’s one-third of state government’s total spending from general funds.
The 2005 tax foundation report has your state paying 25 cent premium on federal taxes. Who are your Senators? Why Senator Durbin, one of the men most responsible for moving Illinois taxes to DC where it is spread out to Republican states! Well, Illinois voted for your bankruptcy.

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