"These projections clearly demonstrate that action must be taken to control not only Medicaid costs but also (pension) costs, or all other areas of government will continue to be squeezed," Kraft said.Illinois taxpayers should quit paying taxes, force the default and get it over with.
Looking at the bigger picture, the state has a backlog of about $8.5 billion in unpaid bills and owes about $27 billion in outstanding bonds. And then there's the roughly $80 billion owed to the state's public employee pension funds.
Read more here: http://www.bnd.com/2012/01/22/2026569/illinois-budget-is-dripping-with.html#storylink=cpy
Sunday, January 29, 2012
Illinois is doomed
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