Illinois has long been spending more money than it's been taking in. When you aren't the federal government, and you have to actually balance a budget, that's eventually going to be a problem. For Illinois, the day of reckoning is soon.
“The state [of Illinois] can no longer function without a responsible and complete budget without severely impacting our core obligations and decimating services to the state’s most in-need citizens,” Mendoza wrote. “We must put our fiscal house in order. It is already too late. Action is needed now.”
Things that can't go on forever, won't.
No comments:
Post a Comment