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Amazing Progress Illinois Style: Welcome to the Obama Expressway!

Courtesy of Mish.

Yesterday, in response to alleged “progress” on Obamacare I penned Mish’s Rule of Progress.

Today, I am pleased to announce even more amazing budget progress in the state of Illinois.

First, let’s recap progress at the national level.

  1. On Tuesday, President Trump called all the Republican Senators to a meeting to resolve the Obamacare bill in the Senate.
  2. Ahead of the meeting, four Republican Senators were against the bill. At most, 2 Senators can vote against the bill or it will fail.
  3. After the roughly hour-long huddle in the East Room, Senator Mitch McConnell told reporters “We made good progress.”
  4. Following the meeting, seven Republican Senators were against the bill.

As amazing as that progress sounds, Illinois can beat it by a mile.

Progress Illinois Style

  1. Illinois has been without a budget for two years and its bonds, already the lowest in the nation, face a downgrade to junk.
  2. On June 15, Illinois Governor Bruce Rauner called a special 10-Day legislative session to finalize a budget.
  3. We are now in the eighth day of the special session.
  4. The Special Sessions Cost Illinois Taxpayers $50,000 a Day.
  5. The special sessions have lasted from 10 to 23 minutes at the longest.
  6. Progress was announced yesterday: My sources tell me that by an 84-0 vote, part of I-55 will be renamed the Obama Expressway.

Progress Extended

Today, the Wall Street Journal reports Illinois Governor to Extend Session if Lawmakers Miss June 30 Budget Deadline.

On Tuesday Mr. Madigan unveiled a $36 billion budget proposal but didn’t spell out how much taxes would have to increase to get the state’s fiscal house in order.

If a budget isn’t passed by Friday, credit-rating firms have warned they will downgrade the state’s rating to junk.

Rauner Already Caved In


Continue reading here…


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