Democrats have essentially had complete control of Illinois, with super majorities in the House and Senate, for years.
As an Illinois resident, I have the wonderful fortune of listening to Democrats brag about the financial “health” of the Illinois budget. They claim they balanced the budget and now have over $1 billion in a rainy-day fund. (For perspective, that is like a family making $100,000 having $2,000 in a savings account.)
Meanwhile, Illinois pension funds declined by nearly ten billion dollars in FY 2022. If Illinois were a private business, that $9.8 billion would show up as a loss; there is nothing remotely balanced about the Illinois budget. According to a Chicago business report:
Illinois’s massive debt to the retirement funds was built up by years of failing to set aside enough to cover all the benefits that have been promised. It has been a major financial drag, leaving Illinois with a lower bond rating than any other US state and forcing it to pump more tax money into the system to catch up.
The president and his fellow Democrats love rewarding their political supporters with kickbacks, so they bailed out the Teamsters Union, to buy votes, with $35.8 billion because of mismanagement and over-promising for decades.
(The money came from the $1.9 trillion slush fund that was sold to the public as COVID relief.)..............To Read More....
My Take - As an FYI:
- 4 of 6 Richest U.S. Counties Are D.C. Suburbs......i.e. federal government employees. Overpaid, under worked, and mostly unnecessary, and as for the rest of the nation:
- Repossessions and Defaults Are on the Rise, a Warning Sign.
- Biden Pledges $55B to African Nations; Most Are Not Free Democracies
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