Illinois Careens Into Financial Meltdown…

by
June 21, 2017

Illinois-CareensIllinois is grappling with a full-fledged financial crisis and not even the lottery is safe – with Republican Gov. Bruce Rauner warning the state is entering “banana republic” territory.

Facing billions in unpaid bills and pension obligations, the state is hitting a cash crunch that is rare even by Illinois standards.

A top financial official just warned 100 percent of the state’s monthly revenue will be eaten up by court-ordered payments. Rauner is calling a special session of the Democrat-led General Assembly in a bid to pass what he hopes will be the first full budget package in almost three years.

And Illinois will – literally – lose the lottery if the budget fails.

  • roboteq

    Maybe Illinois needs to stop over spending. Maybe Illinois should sell Chicago to the Chinese.

  • The Redhawk

    It started at the Local CITY Government….and Succesfully Taken to the Whole State….way to go (D) MORONS….. Way to finally show the WORLD what STUPID Elected Crooks by Stupid VOTERS used to WELFARE can Achieve ….

    Thanks for OSSOFF BTW…Pelosi and Hollywood could not have Chose a more Worthless Candidate…WAY TO GO!

  • gvette

    Illinois unfunded debt, 203 billion. CA unfunded debt, near a trillion dollars. You just have to love DemonRATS!

  • CCblogging

    There’s a bottom to every well and the Fascist Socialist dims in Illinois have managed to get that state right down to that dry bottom. Socialism only works until you run out of other people’s money.

  • Humble Servant

    This state is a prime example of a Democrat run territory. They are not fiscally sound and capable of operating a business much less governance. The DNC cannot see why they are losing in the poles, this should give them an insight to their problem.

    • Anniejclark


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