What about bail out for states, cities, counties?
November 11th, 2008 at 04:18pm Chuck Sweeny
What about a bailout for states and local governments? They may not have the clout of the auto industry or Wall Street financial houses, but state and local governments are reeling from the economic tumble. If the aim of the incoming Obama administration is to stop job loss, they’d do well to start with their brother and sister governments. Illinois’ revenue is down $800 million in Fiscal Year 2009, blowing a bigger hole in the budget that is already out of balance to the tune of $2 billion. States, counties and cities, and other governments, are no different than business, if the money is not coming in, they have to lay off people, who no longer have disposable income, making the nation’s economy worse.
Obama needs to assemble an aid package for states and local governments and begin a massive infrastructure program to put millions of Americans to work. Our nation’s infrastructure is sinking to third world levels, meanwhile Europe and China are rapidly passing us by.
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2 Comments Add your own
1. Barry | November 11th, 2008 at 4:51 pm
I work for a state agency. We are desperately low on staff, mostly because of lack of funds. It seems the general public doesn’t like us, and wants us to leave them alone, until they need us and we can’t serve them the way we should. We are all worried about our jobs. Our office is still suffering from an early retirement incentive from several years ago from which there was a mass exodus of knowledge and experience.
I think help from the feds is in order, however, in Illinois. we also have to deal with our disfunctional legislature.
2. railrider | November 12th, 2008 at 10:58 pm
The Democrats who control all aspects of government in Illinois are sitting on billions of dollars in federal funding for roads, and they have refused to spend it for years. Giving them billions more in federal funding to squander is not going to help.
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