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Illinois Seeks a Bailout From Congress for Pensions and Cities
The New York Times ^ | 17 April 2020 | Mary Williams Walsh

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 state’s budget,” $9.6 billion in direct aid to Illinois’s cities, $6 billion for the state’s unemployment insurance fund, and hardship money for hospitals and nursing homes, among other things.

“I realize I’ve asked for a lot, but this is an unprecedented situation,” Mr. Harmon, a Democrat, wrote in the letter to the state’s 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 ...


TOPICS: Breaking News; Business/Economy; Culture/Society; Government; US: Illinois
KEYWORDS: bailout; budget; congress; debt; economy; illinois; pension; pritzker; spending
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One broke group asking money from another broke group. This will not be the last of this.
1 posted on 04/17/2020 7:01:07 PM PDT by Theoria
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To: Theoria

Not a penny. I am a former Illinois resident, I was born there. Not a penny.


2 posted on 04/17/2020 7:03:26 PM PDT by Richard Axtell (I am at a loss, how much lower will they go before all hell breaks loose?)
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To: Theoria

No way. Tough titty.


3 posted on 04/17/2020 7:05:27 PM PDT by Governor Dinwiddie (Guide me, O thou great redeemer, pilgrim through this barren land.)
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To: Theoria

Fukat


4 posted on 04/17/2020 7:08:11 PM PDT by Sgt_Schultze (When your business model depends on slave labor, you're always going to need more slaves)
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To: Theoria

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


5 posted on 04/17/2020 7:08:16 PM PDT by faithhopecharity ("Politicians are not born, they are excreted." Marcus Tullius Cicero (106 to 43 BCE))
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To: Theoria

Cut the fooken insane pensions!!!


6 posted on 04/17/2020 7:08:55 PM PDT by 2banana (My common ground with islamic terrorists - they want to die for allah and we want to kill them.)
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To: Theoria

Aren’t their toll booths every five feet down the freeway enough?


7 posted on 04/17/2020 7:09:25 PM PDT by Luke21
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To: Richard Axtell

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...


8 posted on 04/17/2020 7:10:38 PM PDT by Navin Johnson
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To: Theoria

How about, no way Jose.


9 posted on 04/17/2020 7:10:49 PM PDT by SmokingJoe
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To: Theoria

Not just no, but HELL NO!

You signed on for those lavish pensions, YOU PAY THEM!


10 posted on 04/17/2020 7:13:45 PM PDT by Lurkinanloomin (Natural Born Citizens Are Born Here of Citizen Parents_Know Islam, No Peace-No Islam, Know Peace)
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To: faithhopecharity

That statement is a “non-argumentative no-shitter”. They looted their accounts, now they want to loot the US citizen’s bank accounts. Sorry open a lemonade stand.


11 posted on 04/17/2020 7:14:50 PM PDT by Equine1952
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To: Theoria

Two words to Chicago politicans.

One starts with “F” and the other “Y”.


12 posted on 04/17/2020 7:16:09 PM PDT by Kenny Bania (Ovaltine? Why not call it Roundtine?)
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To: Theoria

Get it from the city of Chicago...they think they run the state.


13 posted on 04/17/2020 7:18:04 PM PDT by RasterMaster ("Towering genius disdains a beaten path." - Abraham Lincoln)
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To: Kenny Bania

Frozen Yogurt?


14 posted on 04/17/2020 7:18:19 PM PDT by crosdaddy
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To: Theoria

15 posted on 04/17/2020 7:18:54 PM PDT by PittsburghAfterDark (There is no one more racist than a white liberal.)
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To: Theoria

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.

good grief


16 posted on 04/17/2020 7:19:34 PM PDT by dp0622 (Radicals, racists dont point fingers at me I'm a small town white boy Just tryin to make ends meet)
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To: crosdaddy

ROFL


17 posted on 04/17/2020 7:20:58 PM PDT by Patriot Babe
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To: Theoria

As if this has suddenly become a problem due due to the Wehan virus. B.S.Plus no bailout!


18 posted on 04/17/2020 7:21:10 PM PDT by CFW
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To: Theoria

Hey Illinois: How about you start a GoFundMe page?


19 posted on 04/17/2020 7:23:07 PM PDT by Castlebar
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To: Patriot Babe

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


20 posted on 04/17/2020 7:25:01 PM PDT by crosdaddy
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