Breaking: Illinois on Verge of Financial Collapse

Even though Republican Gov. Bruce Rauner has been trying to find ways to cut spending and increase revenue, years of Democratic leadership is taking its toll on the state’s budget. The legislature is still controlled by Democrats who are directly responsible for the financial meltdown the state is facing. Due to their failure, all of this month’s revenue will be used for court-ordered payments and even the state lottery will be unable to pay winners come July 1.

Illinois is grappling with a full-fledged financial crisis and not even the lottery is safe – with Republican Gov. Bruce Rauner warning the state is entering “banana republic” territory. 

Facing billions in unpaid bills and pension obligations, the state is hitting a cash crunch that is rare even by Illinois standards.

A top financial official just warned 100 percent of the state’s monthly revenue will be eaten up by court-ordered payments. Rauner is calling a special session of the Democrat-led General Assembly in a bid to pass what he hopes will be the first full budget package in almost three years…

Trending: Trump Accuses Media of Biggest Coverup of Our Time

If the state is in that dire of a financial crisis and all of their revenue goes to court-ordered payments, then perhaps the only way to get the legislature to be responsible and cut spending is to withhold their paychecks until the states has the money to pay them. In other words, they finally need to earn their pay, instead of just showing up and accomplishing little to help the people.




Join the conversation!

We have no tolerance for comments containing violence, racism, vulgarity, profanity, all caps, or discourteous behavior. Thank you for partnering with us to maintain a courteous and useful public environment where we can engage in reasonable discourse.