Illinois Comptroller Advises Restraint As Billions Come In From Feds

WBBM ^ | April 23, 2021 | Craig Dellimore

[Kenny Bania]

With billions in federal relief funds headed here, Illinois State Comptroller Susana Mendoza is sounding warnings against letting that money change the state’s budget priorities.

Mendoza has been urging fiscal restraint for the expected $7.5 billion in recovery assistance. Most recently, on Friday, she was telling North Shore Democrats the first instalment of $3.75 billion is expected in mid-May.

Mendoza argues that money should pay down debt, like the nearly $3 billion borrowed from the Federal Reserve to get through the pandemic.

[Kenny Bania]

"Restraint" from Illinois Democrats?

LOL

[Jonty30]

The money is already agreed upon as to who gets it.

[Chode]

they be NFL rich...

[fhayek]

Okay, give $500 to a drunken sailor, and advise him to buy a savings bond. Yeah, right...

[Pollard]

Gonna be some friends and family of those dems who get rich and thank those dems monetarily. That’s politics and it’s not just the dems. It’s always been politics, even at the local level. Scratch my back, I’ll scratch yours.

[Fungi]

Fiat money created out of thin air and not from the Feds but the “Federal Reserve” which is not a federal agency but a private bank and is not reserve. It comes with interest owed on fiat paper money. This borrowing is not sustainable. Everyone's pet peeve is “sustainability” with regard to the environment, but just wait until interest on the debt cannot be paid. What happens next?

[Bonemaker]

[Ruy Dias de Bivar]

Reminds me of Phil Silvers counting out the found loot in “IT’S A MAD, MAD, MAD, MAD WORLD!”

[NotSoFreeStater]

We don’t need to worry about the debt. Just call it a new type of economics and that’s it. Today it’s Modern Monetary Theory, tomorrow “who knows”? Yes, I am being sarcastic.

[ridesthemiles]

Supported by all the NEW MATH.....

[dfwgator]

Like giving whiskey and car keys to teenage boys.

[WinstonSmith1984]

The corruption is now rewarded... we are in a continuous race to the bottom.

[Free in Texas]

Restraint? Bah! Plenty more where that came from.

[C210N]

This borrowing is not sustainable.

It's perfectly sustainable, might as well add $B's and $T's to it. We can just borrow more from the FED to pay off current debts, by creating new debts. Such is the flexibility of fiat money to Cabal Banksters, mainly based in London (London/Vatican/DC).

At some point, I hope soon, we say "bug off", and move to metals-backed NESARA/GESARA/QFS. Free from the shackles of central reserve-currency banking, that's been our bane since George Washington.

[ProtectOurFreedom]

"Restraint" -- that's a good one. Everybody in Illinois government needs restraints...

[George from New England]

This is all red state monies they have taken. We knew with biden all us conservatives would be robbed to pay for the blue state waste.

[glorgau]

...but just wait until interest on the debt cannot be paid. What happens next?

It's going to happen first in Illinois. In many ways it already has happened.

[wildcard_redneck]

This is the payoff for helping steal the election by locking down Americans to destroy the economy and for the vote fraud.

[C210N]

Exactly. This graph suggests the notion that money from the feds is not coming from federal tax collections, but from the "generosity" of more loans from the FED.

Just captured this an hour ago, and am trying to digest the vid it is from. If true, explains why Lois Lerner just disappeared from public view.

[South Dakota]

Jimmie durante: under the big W..kicks the can..lol