Truth in Accounting: Illinois’ improved credit rating could lead to more borrowing – Center Square

Moody's upgrade was in part based upon the state's plan to put $1 billion "into its financial reserves, such as its 'rainy day' fund." Sheila Weinberg said the state is misusing those funds. "My point would be if we have extra money to put into the rainy day fund, why wouldn't you just use that money instead of having to borrow money taxpayers will have to pay back with interest."
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Truth Seeker
1 year ago

That is all they have every been good for. Borrowing (aka Stealing) other people’s hard earned money to enrich themselves, families and friends. Greed at its finest.

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Ted joined Tom Miller of WJPF to talk about the details of Gov. Pritzker’s proposed $52 billion budget, why the state is struggling now that federal covid dollars have run out, the controversy surrounding Tier 2 government pensions, why Illinois’ expensive education system fails to teach children to read, the outrageous demands of the Chicago Teachers Union, and more.

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