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Friday, July 07, 2017

Democrat-Controlled States Face Debt Crisis

Longtime Democrat-controlled state governments are running out of other people’s money. Three states in particular are in varying degrees of budgetary crisis. Illinois, Connecticut and New Jersey are swimming in debt and yet Democrats’ only solution is to call for tax increases, not spending cuts. Illinois is especially bad, finding itself staring at a growing debt crisis owing primarily to the cost of public pensions. It recently passed a massive tax hike, though Republican Gov. Bruce Rauner vetoed the bill over its failure to deal with the root cause of the problem — the public employment system. But the state senate’s Democrat majority overrode Rauner’s veto, displaying once again that Democrats dance to the tune of big unions over and against the interests of citizens. Is it any wonder that Illinois has seen its population decrease by over 500,000 since 2010?

Both Connecticut and New Jersey find themselves in similar predicaments..

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4 comments:

Anonymous said...

Ah...mismanagement isn't by politico party, its by the wrong people put in charge. Yes, the picture seems ALL DEMS are having problems...but over time, both parties have had their problems.

Just seems its getting worse and very ugly. Mismanagement is a firing offense in private industry. Need the business rules to change so it applies in politics and IMMEDIATELY!!!!!!!!!!!!!!!!

Illinois issue is UNACCEPTABLE!!!!!!!!!!!

Anonymous said...

Their ONLY solution to any problem is to throw your tax dollars at it.

Bob Aswell<<<<<<<Not Fooled

Anonymous said...

9:24
I respectfully disagree.

Dumbocrat POLICIES are very destructive.

Anonymous said...

1255
You are very gullible if you believe there is any difference at all between the democrats and the republicans. Right now both sides are trying to figure how to tell the people they can't change the disastrous ACA because their financial contributors want the ACA. The republicans have a majority but still they won't do anything good for the people. Just like when the democrats got into power because of W's disastrous war policies in the middle east, and then nobody stopped the wars. Barry continued the wars same as W. Now Trump will tell us what we want to hear, and then deliver nada, zip, nothing. There will be no wall because a wall would inhibit the free flow of cheap labor and drugs from the middle east wars. It will never get any better because the two party system is fake.