So, which state goes bankrupt first?

While perus­ing the inner­web­tubes, I found a story regard­ing the finan­cial sit­u­a­tion of the State of Illinois. It isn’t good.

According to the Comptroller, Dan Hynes, The State of Illinois’ pile of unpaid bills has grown to a record-breaking $3 billion.

Comptroller Hynes said Tuesday it’s never before been this bad at this point in any pre­vi­ous fis­cal year. Hynes said that things are likely to get worse before the state’s bleak rev­enue pic­ture begins to improve.

Oops!

I don’t live in that state and I think I drove through it once…very fast. Illinois appears to be in even worse shape then California. So, who isn’t get­ting paid for ser­vices rendered?

CBS 2 Political Editor Mike Flannery reports that some social ser­vice agen­cies that rely heav­ily on state reim­burse­ment warn they will soon be forced out of business.

Other states with major finan­cial prob­lems include California, New york, New Jersey, and Maryland to name a few. What do these states all have in com­mon? Could it pos­si­bly be that they are high tax, big spend­ing lib­eral states? Why I think it IS possible!

So, what’s going to hap­pen to all these creditors?

Dr. Norman James said he does not have enough cash to pay his 250 employ­ees this Friday. He said he may have to close the doors, leav­ing more than 450 clients with­out the sup­port they need to stay in their own homes and out of expen­sive nurs­ing homes.

*sigh*

There isn’t much any­one can do in a sit­u­a­tion like this. There just isn’t any more money for the State Politicians to loot from the tax­pay­ers. Soak the rich? Well con­grat­u­la­tions! You’ve soaked them so much they’ve either drowned or taken to the life boats and headed for “drier climates.”

The comp­trol­ler reported cor­po­rate income tax receipts down $77 mil­lion for July through September; sales tax receipts, down $244 mil­lion; per­sonal income tax receipts, down $251 million.

That’s because peo­ple have no jobs and are broke. Why aren’t there any jobs? Simple really. Progressive/Liberal politi­cians who don’t have a clue work­ing with Union thugs have looted the trea­sury, taxed and reg­u­lated busi­ness and basi­cally destroyed the econ­omy of the state.

Evelyn Gonzalez, a Family Home Service super­vi­sor, said she can’t afford to miss a pay check.

“It’s nerve-wracking. Because I have bills to pay just like every­body else,” Gonzalez said.

Another super­vi­sor, Debra Estrada, is a sin­gle mom with two young chil­dren. Without a pay check, she said, “I can’t pay my rent, I can’t buy gro­ceries to feed my chil­dren. The state does not real­ize what’s hap­pen­ing to us, the lit­tle peo­ple. Seriously.”

Similar fears haunt tens of thou­sands at social ser­vice agen­cies all across Illinois.

We’re hope­ful this can be taken care of, but these prob­lems are struc­tural. The polit­i­cal will to make the required changes just isn’t there.

“A Chicago Meals on Wheels and nutri­tion cen­ter can’t pur­chase food and is fac­ing evic­tion,” Hynes said. “A large Lake County dis­abled pro­gram can’t make insur­ance or mort­gage payments.”

Hynes said he’s now get­ting 2,600 calls a week from cred­i­tors des­per­ate to be paid by the state.

I’m sure Mr. Hynes would love to pay all the bills, but he can’t spend a dime unless the state leg­is­la­ture raises the funds and gives him the autho­riza­tion to pay the creditors.

While the General Assembly is sched­uled to recon­vene next week in Springfield, no one’s even pre­tend­ing to offer a com­pre­hen­sive solu­tion to the unprece­dented bud­get dis­as­ter. Democrats and Republicans, the gov­er­nor and leg­isla­tive lead­ers all insist that must wait until next year.

LALALALALALA We can’t hear you! Pass the caviar please. We’re busy with impor­tant gov­ern­ment mat­ters like forc­ing Health care work­ers into a union they don’t want to be a part of.

Yeah, a cou­ple of phrases spring to mind.

1. Let them eat cake!
2. Fiddling while Rome Burns

We are see­ing the begin­nings of the end of the United States. We have close to 20% unemployment/underemployment now and it’s going to get a LOT worse. I’m afraid that all those busi­nesses that expect to be paid by dead­beat state gov­ern­ments are wait­ing in vain.

We are now begin­ning to see the cas­cade effect of eco­nom­ics. To quote Margaret Thatcher, for­mer Prime Minister of Great Britain,

“The prob­lem with social­ism is that you even­tu­ally run out of other people’s money.”

It looks like Illinois and the other left wing states have just reached that point. They have spent all the money other peo­ple have and the well has gone dry.

We are now begin­ning to see this hap­pen­ing on the fed­eral level as well with the tril­lions of dol­lars in debt this admin­is­tra­tion, and lets be hon­est, the pre­vi­ous admin­is­tra­tions going back to FDR have run up.

We are in for a very bad time if we can’t get the clowns in office to actu­ally do their jobs for once and stop think­ing about themselves.

Yeah, like THAT’S going to hap­pen any time soon!

~The Angry Webmaster~

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