I am not a fan of current Illinois Governor Pat Quinn. In my opinion –> he is just part of the decades old tax and spend anti-business political nanny-state system, that has created the mess that has Illinois in the financial crisis it currently faces. I think he talks a big game about fixing the current Illinois financial crisis – but it is all talk, because he lacks the Viagra needed to fix his impotency. Over on Quadsville – Kurt Erickson posted on the financial-fix blockades Illinois faces. The State has way too many financial legal obligations – Quinn cannot actually address. And as much as I find Quinn sorely lacking the needed virility to fix the Illinois financial crisis – I tend to agree with Erickson’s statement :
In other words, Quinn is handcuffed. He really doesn’t have that much wiggle room.
That’s not an excuse. That’s just reality.
Quinn, as well as any other politician option, is basically impotent to fight the current financial disaster created by past and present Illinois politicians. Perhaps it is time to seek a solution that would uncuff the State of Illinois from the budget crisis. The State of Illinois is way past claiming it is financially over-extended. One huge problem is that we have way too many expenditures going towards government employee salary and especially their bloated pensions. And we are legally bound to them. When a business gets overextended they seek refuge through some form of bankruptcy. It is messy and a nasty business but it allows them the opportunity to renegotiate legally binding financial situations and contracts that have them in a bind. Perhaps it is time that the State of Illinois started considering what bankruptcy options they have available, as a way to help fix 13 billion-dollar budget gap, especially through bankruptcy renegotiation of their bloated government salary and pension obligati0ns.It might be the only real option Illinois has before it bursts apart at the financial seams!