04/15/2019

Name One Time A Government Program Accomplished Its Goal

Joe Jarvis, Daily Bell

Illinois has the worst credit rating of any state.

It has $8 billion in outstanding bills and a $3.2 billion deficit in just next year’s budget.

But the worst part is the $250 billion they need to pay their state pensions…

When you or I have debt, the first thing we have to do is tighten the belt. We save money and cut expenses.

But imagine if instead you could just waltz up to your boss and demand a raise. And not because you’re doing more work, or because you hit a home-run with last quarter’s goals… just because you got yourself into debt.

If Illinois was an employee, they would have been fired by now. They haven’t hit any of their goals and continuously fail to deliver on the promises they have made.

But the taxpayers will once again face tax increases in order to pay for more government, more promises, and more mismanaged policy.

The Governor recently proposed a graduated income tax to raise rates on the highest earners.

This will bring in more revenue they say… when have they been wrong before?

Meanwhile, 137,000 net residents have left the state since 2013.

Somehow I’m guessing their estimates for revenue are going to be just as wrong as their pension and budgeting calculations.

Never do governments even remotely consider that the solution is to spend less.

And never does anyone ask, what about the outcome?

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