Bizblogger

Site for Free Markets and Free People

Sunday, July 04, 2010

Democrat-Run Illinois is What's Next for U.S.

Illinois (in addition to California, NY and NJ) has been a Democrat-led example of budgetary disaster. They have been devotees to Obamanomics for a decade now - with disastrous consequences.

Illinois is bound for default without a federal bailout (which is almost certainly coming). Of course, the budget comptroller Daniel Hynes thinks that everything in the $25 billion budget qualifies as "essential."

“This is not some esoteric budget issue; we are not paying bills for absolutely essential services,” he says. “That is obscene.”