Courtesy of Mish.
In Illinois, nothing happens in the legislature unless House Speaker Michael Madigan and Senate President John Cullerton give the green light for legislation to pass.
Both Madigan and Cullerton want massive tax hikes and both are beholden to unions. Badly needed legislation on pension reform, municipal bankruptcy laws, and workers’ comp is currently held up in the legislature awaiting action.
Madigan wants tax hikes before any reforms pass. Of course if there are tax hikes, there will not be reform.
These cartoons by Eric Allie for the Illinois Policy Institute adequately depict the current setup.
Budget Balancing Act
Playing Chicken With Taxpayers
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Budget Impasse
Madigan and Cullerton passed an Illinois budget that is $3 billion in the hole. Given Illinois budgets always contain sleight-of-hand tricks and overly optimistic revenue assumptions, one can be sure the real deficit is higher.
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