Skip to comments.Illinois Seeks a Bailout From Congress for Pensions and Cities
Posted on 04/17/2020 7:01:07 PM PDT by Theoria
The president of the State Senate asked for $40 billion to help the pension system, fund unemployment insurance and aid hospitals and cities.
Illinois needs more than $40 billion in relief from the federal government because of the coronavirus pandemic including $10 billion to help bail out its beleaguered pension system, according to a letter the Illinois Senate president sent to members of Congress.
The letter, sent this week by State Senator Don Harmon, also seeks a $15 billion grant to stabilize the states budget, $9.6 billion in direct aid to Illinoiss cities, $6 billion for the states unemployment insurance fund, and hardship money for hospitals and nursing homes, among other things.
I realize Ive asked for a lot, but this is an unprecedented situation, Mr. Harmon, a Democrat, wrote in the letter to the states congressional delegation, a copy of which was viewed by The New York Times. A spokesman confirmed that Mr. Harmon had written the letter.
The letter was shared with Gov. J.B. Pritzker, also a Democrat, who said this week that the federal government should provide more funding to states. Messages left for State Senator Bill Brady, the minority leader, were not immediately returned on Friday evening. Democrats hold 40 of the State Senate's 59 seats.
The letter said the outbreak had caused economic havoc in the state, which has been under a stay-home order since March 21. Economic activity has frozen up across the country, causing tax collections to evaporate while spending has soared.
(Excerpt) Read more at nytimes.com ...
Not a penny. I am a former Illinois resident, I was born there. Not a penny.
No way. Tough titty.
Illinois has been Mismanaging and or looting its pension system for years and years. Asking the rest of America to bail Illinois out because of the virus is disengenuous at best. And highly opportunistic
Cut the fooken insane pensions!!!
Aren’t their toll booths every five feet down the freeway enough?
I also lived in Chicago for some time and I agree 100%. Expecting the rest of the nation taxpayers to bail their sorry arses out takes plenty of gall...
How about, no way Jose.
Not just no, but HELL NO!
You signed on for those lavish pensions, YOU PAY THEM!
That statement is a non-argumentative no-shitter. They looted their accounts, now they want to loot the US citizens bank accounts. Sorry open a lemonade stand.
Two words to Chicago politicans.
One starts with “F” and the other “Y”.
Get it from the city of Chicago...they think they run the state.
Yeah what is the fed gov flush with money?
Close to or over 30 trillion debit isn’t exactly rolling in dough
And now I read articles by economists that are THRILLED That republicans finally see that debt size doesn’t matter.
As if this has suddenly become a problem due due to the Wehan virus. B.S.Plus no bailout!
Hey Illinois: How about you start a GoFundMe page?
Hey, I’ll be here all week, what’s a good looking babe like you doing here? Can I buy you a Corona? .... Too soon
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