Tuesday, March 16, 2010

Budget Crisis: The News Next Door

Posted by Whet Moser on 03.16.10 at 02:53 PM

Here in Illinois our indicted ex-governor, feckless legislature, relatively long-lived one party dominance, and piquant tendency for corruption all get blame - not undeserved - for the wretched state of the state budget. But as the brilliant Indianapolis blogger Doghouse Riley notes, the situation in Indiana, overseen by a former Bush II OMB director and periodically discussed but hardly likely 2012 Republican presidential candidate, isn't much better.

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If us locals want a view of a possible future where a Republican governor meets a state's fiscal crisis head on, we may want to watch what is unfolding in New Jersey. Newly-minted governor Chris Christie is making good on his campaign promises to balance the state budget without raising taxes. New Jersey faces public pension burdens that are similar to what we face in Illinois, and anyone who has followed the situation here knows that the budget matters will never be settled until we act real pension reform. Unfortunately Governor Quinn prefers to tap dance around this issue until after the election. No surprise, just more of the same leadership we have grown accustomed to.

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Posted by Hungry Jack on 03/24/2010 at 5:49 PM
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