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In today's money cap the state of Illinois continues to pile on the -- -- now at eight point five billion dollars and counting and this is.
After they raise taxes all across abort.
Our next guest is knee deep in those bills and worries that the governor will try to fix that mess with -- even more tax hikes joining -- now the Illinois State comptroller.
-- -- -- -- Judy good to see -- thanks for coming itself and why -- I I thought these tax increases were the magic bullet that was gonna solve all your -- that's what the governor told us.
Well there's no magic bullets to any of this this is a long slog.
And we had as you know the single biggest tax increase 67%.
Single biggest tax increase in the state of Illinois.
And from a standpoint of the unpaid bills not a -- -- that went toward that because the Medicaid program as well as our pensions underfunding.
It all up thought god.
All all of -- just going over that direction not coming -- paid bills I'm still at a 163000.
Both and -- On believe about a lot of people -- -- wonder how it is that you have a democratic governor democratic and credit legislature.
And Republican control you you were elected to deposition correct.
While right in my I had run for governor at one point against Rod Blagojevich -- -- say I'm pretty daring daylight as a public figure that.
That maybe I was doing the right thing because I've been saying this for ten years.
That we've got to -- these bills -- items that when I was in the legislature you cannot keep adding programs you cannot keep diverting money from pensions and so on.
And then expecting that you're going to balance out at the end well.
We have experiment we have -- the answer to the experiment did they work tax increase is no they didn't work we also have to states that kind of surround you you're surrounded by.
Wisconsin -- -- governor Scott Walker's try to lower Texas governor Mitch Daniel's been to and after a long time in Indiana.
So those states have cut taxes they have been drawing businesses I assume.
Away from your state of Illinois as a result -- Well they're certainly trying Indiana more successfully than Wisconsin which seems to have a home at some other problems.
But you know it it's just tax increases.
On business do not encourage businesses to come to Illinois to stay in Illinois.
Certainly do not encourage hiring if people are not working they can't pay their taxes and so -- can't pay out it just is -- that not the governor.
Here governor Quinn we're going to hear from him in his state of the union message tomorrow.
If he starts looking at more tax increases.
I mean I I'm not gonna start screaming around the state and stumping might but I mean you.
You are but what about that that what about the taxpayers I mean I I would think that they have enough examples not only in Illinois.
But surrounding them to say stop that's it doesn't work.
Well this is true or not only that but they're beginning to live off their savings because they can't -- any kind of money they certainly can amass -- wild because the paying day to day.
Costs which are rising here.
And they're using their credit cards war so I expect they'll be a problems on the road -- -- because that's gonna be barred mark credit.
Even the civic federation here in Chicago -- numbers are pretty close to ours they're saying -- -- borrowing.
I've been saying that to any borrowing.
We wind up throwing money down -- black call we will pay our bonds so no one need to worry about that that's first and foremost on our last.
We will pay payroll at second on our list but them everything else has to be divided up and you've got these two -- giants Medicaid.
That pensions are underfunded to the tune of almost eighty.
Billion dollar that's bigger than than the budget for most foreign countries while they have -- -- and you that Medicaid constantly growing.
If we don't settle those things right now this legislative session.
Then I really don't know are we going to have -- I just don't know.
Which we gotta go I'm getting a -- but I have to ask me you're you grew up in a household where where your parents were too small business owners right.
That's correct about -- how does that influence the way you see the world in the way budgets work.
Well that influenced me because obviously they haven't they worked all the time they work very very hard.
They work seven days a week but was also an influence was because they work I was -- a great deal about my grandparents who came out of the depression.
And that was the main inference.
If -- because they dare you could make things all.
A long way by working at -- you could find ways to define solutions you budgeted you didn't spend what you didn't have.
And that's a great great influence on me.
Judy parts of -- well the state of Illinois what you're having to comptroller of the great state of Illinois --
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