States

Liberals Perplexed: State of Illinois On the Verge of Bankruptcy

The government of Illinois, perpetually run by big government liberals, is in a state of panic this month after they’ve officially run out of money.

A recent court decision ruled that they must honor their commitment to continue making payments on Medicaid bills owed for Illinois citizens.

But those payments mean there’s no money left to cover other mandated bills like pensions, state employee salaries, and school funding.

It’s like Greece all over again.

And now U.S. taxpayers will probably have to bail them out.

Here’s more from the AP…

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The Illinois official responsible for paying the state’s bills is warning that new court orders mean her office must pay out more each month than Illinois receives in revenue.

Comptroller Susana Mendoza must prioritize what gets paid as Illinois nears its third year without a state budget.

A mix of state law, court orders and pressure from credit rating agencies requires some items be paid first. Those include debt and pension payments, state worker paychecks and some school funding.

Mendoza says a recent court order regarding money owed for Medicaid bills means mandated payments will eat up 100 percent of Illinois’ monthly revenue.

There would be no money left for so-called “discretionary” spending – a category that in Illinois includes school buses, domestic violence shelters and some ambulance services.

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