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The American Empire in a Changing World



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Tuesday, January 24, 2012

''Why Isn't Illinois A Bigger Story Than Greece?''

read more from financial sense....


"Even though the legislature and Gov. Pat Quinn last year imposed a temporary 67 percent state income tax increase, Quinn’s office expects to have a $500 million budget deficit this year.
Quinn is calling for a 9 percent cut in most areas of state government, except education and health care. But even with cuts at that level, the state would have a projected $800 million budget deficit for fiscal 2015, the year when most of the tax hike expires."

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