Saturday, May 08, 2010

Illinois Budget Woes Come to a Boil

Seems Obama leaves a financial mess where ever he goes.

Illinois lawmakers were in disarray Thursday as they groped for stopgap measures to address a $13 billion deficit equaling nearly half of the state's general-fund revenue.

The state faces one of the nation's worst budget crises, spilled over in part from the broader national economic crunch, and its current bond ratings lag only California's. But the confusion in the legislature indicates that serious steps to fix state finances won't be taken until after the November elections—if then.

Sounds familiar, doesn't it?

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