The headline is a quote from Doug Whitley, President of the Illinois Chamber of Commerce. It is part of a very long President’s Message dated June 3rd. It is now nearing the end of June and Illinois is sliding further into insolvency due to the childish machinations of Pat Quinn, Mike Madigan, and John Cullerton.
Here are some quotes:
“The Illinois General Assembly left the Capitol last month after creating another dishonest budget. The budget is austere only in the sense that it is basically frozen at last year’s spending level. But, as in prior years, the 2010 budget is unbalanced and severely flawed.”
“The state’s fiscal condition is not unlike that which has brought Greece to collapse. Unlike a nation, our state government cannot print money or devalue its currency to finagle its way out of fiscal crisis.”
“The International Monetary Fund and the European Union impose painful and severe requirements upon failed governments, like Greece. Illinois government needs to start operating under similar, strict rules. Economic recovery requires the fiscal discipline to eliminate programs, services and entitlements that have been over-promised even in the face of insufficient and declining state revenues.”
“During the last decade state officials have strived to maintain old profligate ways even in the face of outward migration, slow growth and significant revenue declines. Illinois has lost more than 500,000 jobs in the last 10 years and never really recovered from the recession of 2001. Yet, according to the Illinois Policy Institute, state government spending grew by nearly 30 percent between 2004 and 2009.”
“The Democrats who have governed the state over most of the last decade have been in denial about financial realities.”
The Democrats who have governed this state for the last decade should never be reelected to serve any public office again.