It completely explains the mindset of the goofball in the white house! This is what he thinks a budget should look like!
http://news.yahoo.com/deadbeat-state-ill-owes-billions-unpaid-bills-164646417.html
As of early last month, the state owed on 166,000 unpaid bills worth a breathtaking $5 billion, with nearly half of that amount more than a month overdue and hundreds of bills dating back to 2010, according to an Associated Press analysis of state documents.
Delaying payments during tough times is nothing new for Illinois, though past delays were shorter and more limited. Under former Gov. Rod Blagojevich, big spending collided with a recession that sent state revenue spiraling downward. Illinois could no longer afford to pay its bills and the backlog exploded.
The backlog continued to grow even after Blagojevich was impeached and later convicted on corruption charges that included trying to sell or trade President Barack Obama's former U.S. Senate seat. He is awaiting sentencing.
Blagojevich's replacement, Democrat Pat Quinn, raised income taxes and trimmed spending, but that money was gobbled up by other needs, primarily rising pension costs. Under budget agreements with legislative leaders, all Democrats, bills continued to go unpaid.
http://news.yahoo.com/deadbeat-state-ill-owes-billions-unpaid-bills-164646417.html
As of early last month, the state owed on 166,000 unpaid bills worth a breathtaking $5 billion, with nearly half of that amount more than a month overdue and hundreds of bills dating back to 2010, according to an Associated Press analysis of state documents.
Delaying payments during tough times is nothing new for Illinois, though past delays were shorter and more limited. Under former Gov. Rod Blagojevich, big spending collided with a recession that sent state revenue spiraling downward. Illinois could no longer afford to pay its bills and the backlog exploded.
The backlog continued to grow even after Blagojevich was impeached and later convicted on corruption charges that included trying to sell or trade President Barack Obama's former U.S. Senate seat. He is awaiting sentencing.
Blagojevich's replacement, Democrat Pat Quinn, raised income taxes and trimmed spending, but that money was gobbled up by other needs, primarily rising pension costs. Under budget agreements with legislative leaders, all Democrats, bills continued to go unpaid.
