Monday, July 31, 2006

Governor Bankrupt

Dennis Byrne defends Topinka and nails it, putting the responsibility where it belongs. Tribune:
The numbers from Controller Dan Hynes, a member of the governor's own party, tell the story. For example, Blagojevich's recently released comprehensive financial statements for fiscal year 2005, ending June 30 of last year, show that the general fund deficit was about 22 percent larger than the deficit at the end of the previous year, a $569 million increase. And the updated quarterly report shows that the fiscal year 2006 deficit, on this June 30, was $3.064 billion. Incredibly, Blagojevich brags that he has "eliminated" the deficit, but that's only if he ignores--which he does--about $7.5 billion of unpaid bills that are left for someone in the future to pay. That includes almost $3 billion in unpaid medical costs.
Attention Cook County suburban voters: We are paying through the nose with this governor---
Cook County taxpayers can be doubly thankful for the governor's legerdemain. Partly because the state is way behind in reimbursing the county for certain medical costs, the Cook County Board recently was forced to take out a line of credit of as much as $200 million to keep up with its bills.
Throw the rascal out---our braggart Governor Blagojevich, who has pushed Illinois into bankruptcy.

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