Illinois Budget Uncertainty Extends into New Fiscal year

You’ve no doubt already heard about Illinois politicians have spent their state into a deep hole. Update:

House Republicans on Friday helped advance a Democratic-drafted $36.5 billion spending plan for the fiscal year that begins on Saturday, but the deal stalled with negotiations continuing over a revenue package and an assortment of non-budgetary matters sought by Rauner.

They have literally proved that Keynesian pump-priming (government spending) to get their economy moving does not work.

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