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NB-Chicago
2 days ago

Isnt the $billions theyre boroughing from feds ( can’t remember all the acronyms for all the differnt programs) suposed to only go towards covid related expenses..will be interesting to watch how they make claims that expenses are covid related…and am sure this is motivation behind all the inflated stats

MikeH
1 day ago
Reply to  NB-Chicago

“…and am sure this is motivation behind all the inflated stats”

That is it precisely. For lack of a better term, Illinois exists in a bubble. Here it is 2020, where the information is out there and available, yet far too many in this state go about assuming that everywhere else is the same way.

As an aside, I’ve found a good acid test for whether something is actually happening is when progressives try to project it into those of us who choose to live in fiscal reality. For exhibit A, here’s “the other guys”

https://capitolfax.com/2020/03/09/life-in-the-bubble/

UnclePugsly
2 days ago

It’s not a budget if it has a $6B hole in it on day one.

debtsor
2 days ago

This is delusional. I have no idea what political angle they are taking with this. The federal bailout won’t be forthcoming when congress sees that IL made zero effort, quite literally, zero effort, to reduce spending in light of reduced revenue. Even California cut salaries of all employees 10%. And there’s virtually no news coverage of this, no one cares, no one reports on it, no one says “hey, maybe we should cut a little because of the loss of revenue.” Do they really think they’ll be bailed out and all will be forgiven? It’s insanity.

Bill
2 days ago
Reply to  debtsor

“Do they really think they’ll be bailed out and all will be forgiven?”

Yes. All you have to do is believe…

UnclePugsly
2 days ago
Reply to  debtsor

Actually, it seems Illinois increased spending.

No bailouts!

The Truth Hurts
2 days ago
Reply to  debtsor

Plenty of money as I’ve been saying all along. The state will borrow from the fed and never pay it back. If forced to pay it back they will just raise taxes and say it’s necessary because the Senate wouldn’t approve the bailout. They get to blame the tax increase on someone else. Lots of moves left. 1. Borrow from the fed 2. Get bail out or loan forgiveness 3. Get “fair tax” amendment approved. If not raise flat tax and attempt amendment again. 4. Tax services. 5. Raise progressive rates so the top bracket is around 13%. 6. Once… Read more »

debtsor
2 days ago

All of that money still isn’t enough to satisfy the beast. Default is now inevitable.