Illinois House Approved Two Billion Dollar Loan

Tools

By WEEK Producer

Story Published: Jun 29, 2009 at 9:14 PM CDT

Story Updated: Jun 29, 2009 at 9:14 PM CDT

The Illinois House wants to borrow $2.3 billion to help piece together a new state budget.

The House voted 101-7 on Monday for a plan to borrow the money
for five years.

It would be used to reduce budget cuts for local agencies that provide social services for the state.

Critics say the move might help this year but it would just
create a bigger hole in the next budget.

The plan now goes to the Senate.

If it's approved, the borrowing would not be enough to balance
the state budget. Officials would still have to cut spending or
raise taxes.

Thursday, Jul 2 at 4:21 PM Wendy - should have used something wrote ...

Wendy - single moms shouldn't have got into that situation.....should have protected themselves. Instead they made a bad decision and expect someone to bail them out.

25326457
Inappropriate? Alert Us!

Wednesday, Jul 1 at 8:29 AM cry me a river wendy wrote ...

if your only car broke down and the repair bill was $1500, i am sure you could find the money somehow to fix your car. same goes with these state handouts IMO. if the state took your financial gravy train away, i am sure you and everyone else could figure SOMETHING OUT if you had to. the evidence is clear - THIS COUNTRY CANT CONTINUE TO SPEND MONEY LIKE THIS. either find a way do it on your own, or keep your legs closed and stop making us responsible citizens pay for kids you cant afford.

25235762
Inappropriate? Alert Us!

Tuesday, Jun 30 at 6:38 PM Tazewellman wrote ...

thats the problem with the world today everyone thinks the government should hand them money, pay my bills, help me out. If you don't like the way the gov is ran run for office and make a difference that way. I am not in office and think they do a terrible job managing it but don't ask for handouts.

25213249
Inappropriate? Alert Us!

Tuesday, Jun 30 at 5:50 PM Wendy wrote ...

What about the single mamas out there working their tales off?!?Without childcare connection we are screwed. Society wants us to be self-sufficient. How can we do that if childcare is cut?Those deciding our fate have not had to ask for subsidized help to survive. Their paychecks qualify them for a private pay situation. God, give those making this budget wisdom and compassion. They are elected officials. How can they do this?

25211167
Inappropriate? Alert Us!

Tuesday, Jun 30 at 1:24 PM i dont get it wrote ...

i really dont understand how this state, can with a clear conscience, continue to run this state like this. if we ran our household finances anthing like this, it wouldnt take long for a sheriff and the court system to be at our our front doors.

25194629
Inappropriate? Alert Us!

Tuesday, Jun 30 at 12:16 PM HUH? wrote ...

What about all of the payments that they already owe these places??

25190177
Inappropriate? Alert Us!

Tuesday, Jun 30 at 11:52 AM Jeff wrote ...

Idiots!!!!!!!!

25188684
Inappropriate? Alert Us!

Add a comment

Name:

Comment: 1000 Characters Left

WEEK News 25 - and its affiliated companies are not responsible for the content of comments posted or for anything arising out of use of the above comments or other interaction among the users. We reserve the right to screen, refuse to post, remove or edit user-generated content at any time and for any or no reason in our absolute and sole discretion without prior notice, although we have no duty to do so or to monitor any Public Forum.

More Good Stuff

Advertisement
This content requires the latest Adobe Flash Player and a browser with JavaScript enabled. Click here for a free download of the latest Adobe Flash Player.

Stock Quotes

What's On TonightFull Schedule

Local Business Dir