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Illinois: This budget fixes nothing
Follow the links.[Stump.MaryPat.org]. SELL THE BUDGET YOU VETOED, GOV Let’s start off with a laugh, for once. Treasurer Frerichs urges Gov. Rauner to champion budget, tax hikes he vetoed Before I get to the piece itself, that headline is a work of art. Okay, the meat of the piece: Illinois Treasurer Michael Frerichs wants Gov. Bruce Rauner to champion a budget Rauner says doesn’t address Illinois’ decades of fiscal problems. After Democrats and some Republicans voted to override Rauner’s veto of the state’s largest annual budget to date and a 32 percent income tax increase, Treasurer Michael Frerichs said Rauner needs to embrace the change. Among other things, Frerichs urged Rauner to talk to bond ratings agencies in New York and borrow $6 billion for some of the backlog of unpaid bills. Frerichs said these steps will help the state avoid junk bond status. “I believe that the governor is a very successful investor and as such he understands the danger of junk bond status,” Frerichs said. Yes, he sure does. And I bet the governor knows just fine that the budget doesn’t fix a damn thing. Read it all Another compilation from Zero Hedge Posted by: badanov 2017-07-14 |
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