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Illinois careens into financial meltdown – and not even the lottery is safe
Fox News ^ | June 20, 2017 | Brooke Singman

Posted on 06/20/2017 9:34:07 AM PDT by detective

Illinois 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. 

(Excerpt) Read more at foxnews.com ...


TOPICS: Crime/Corruption; Government; US: Illinois
KEYWORDS: bankruptcy; chicago; democrats; illinois
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Chicago Democrats are close to bankrupting the State of Illinois.

Soon there won't be any money left.

Democrats will soon demand taxpayers from the rest of the country bail out Illinois. And California. And Puerto Rico. And Mexico. And El Salvidor.

1 posted on 06/20/2017 9:34:07 AM PDT by detective
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To: All

Hahahaha....where will they get the money for the influx of illegals and refugees they plan to babysit from cradle to grave?


2 posted on 06/20/2017 9:36:23 AM PDT by Maverick68
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To: detective

“We will pass Puerto Rico to become number 1!!”


3 posted on 06/20/2017 9:36:55 AM PDT by Darteaus94025 (Can't have a Liberal without a Lie)
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To: detective

Florida has a lot of retirees from Illinois. My doctor has a sign in his office saying that he will no longer accept Illinois health care as payment because all they give him is an IOU. He demands cash and the patient can hold the IOU.


4 posted on 06/20/2017 9:37:51 AM PDT by impactplayer
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To: detective

they will blame Trump


5 posted on 06/20/2017 9:38:13 AM PDT by aces (Islam is satans lies, ask Jesus)
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To: detective
Related....

Chicago Public Schools borrow $275 million at sky-high interest rate

‎6‎/‎20‎/‎2017‎ ‎9‎:‎22‎:‎43‎ ‎AM · by george76 · 57 replies
 
 
 
Perhaps Illinois needs to elect more crooked (Democrat) politicians. That should help, right?

6 posted on 06/20/2017 9:38:14 AM PDT by Responsibility2nd
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To: detective
"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"

Hold on to your wallets Illinois taxpayers. BOHICA.

7 posted on 06/20/2017 9:38:14 AM PDT by circlecity
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To: detective
Governor Walker and the Badger State are accepting asylum applications, for select expatriates only.
8 posted on 06/20/2017 9:38:27 AM PDT by Wally_Kalbacken
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To: detective

It will all be blamed on the Repub Governor and the Rats will walk away Scott Free.


9 posted on 06/20/2017 9:39:04 AM PDT by CapnJack
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To: detective

I read that headline and thought I had gone back in time two years.

So, they are just now noticing? HAHAHAHA!

We’re soon going to start seeing articles about the U.S. economy that are going to look like they came out of 2007 except, as with this story, will be much worse.


10 posted on 06/20/2017 9:39:09 AM PDT by Mr. Douglas (Best. Election. EVER!)
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To: detective
RE:”A top financial official just warned 100 percent of the state's monthly revenue will be eaten up by court-ordered payments. “

Always a good sign.

As with cancelling the lotteries because the state can pay the winners.

11 posted on 06/20/2017 9:39:11 AM PDT by sickoflibs (Message to Trump : I am not tired of winning yet. Please more winning ! Get your crap together fast!)
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To: detective

America needs bankruptcy.

Sorry to say it, but it’s the ONLY thing that will restrain free-spending leftists, progressives, and social-engineers


12 posted on 06/20/2017 9:41:18 AM PDT by PGR88
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To: PGR88

Hahahaha.


13 posted on 06/20/2017 9:42:41 AM PDT by hal ogen (First Amendment or Reeducation camp?)
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To: detective

Maybe they can borrow some money from the Democrat Party.


14 posted on 06/20/2017 9:43:55 AM PDT by blueunicorn6 ("A crack shot and a good dancer")
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To: detective

IL Speaker Madigan is one of the most powerful Democrats in the country.


15 posted on 06/20/2017 9:49:35 AM PDT by Extremely Extreme Extremist (Man-made global liberalism is killing the planet)
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To: Maverick68

Seriously? I think illegals are at the front of the line for any handouts.


16 posted on 06/20/2017 9:59:36 AM PDT by subterfuge (Build the damn wall...)
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To: detective

Maggie Thatcher keeps hitting the nail on the head.

Other peoples’ money.


17 posted on 06/20/2017 10:15:36 AM PDT by lurk
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To: detective

Poor illinois!
Ya’s voted fo’ whut yo’s got!
Now, leave dah res’ of us be!


18 posted on 06/20/2017 10:17:42 AM PDT by Terry L Smith
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To: detective

Does the headline mean ...

Those who won the Illinois lottery and chose to accept yearly payouts for 20 years, are now due to get an IOU every year for the remaining years !!!


19 posted on 06/20/2017 10:24:47 AM PDT by George from New England (escaped CT in 2006, now living north of Tampa)
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To: aces

> they will blame Trump <

And the Republican governor.


20 posted on 06/20/2017 11:23:38 AM PDT by Leaning Right (I have already previewed or do not wish to preview this composition.)
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