Illinois Budget Crisis Research Paper

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The Illinois Budget Crisis Creates Fear in Illinoisans 3/18/2010 Business 30211652 The Illinois budget crisis is causing panic and menaces to produce both greater uncertainty and more unemployment as the state becomes one of 10 most troubled economies in the United States (Colindres). At present, the numbers appear at a stagnant 10% for those unemployed. Furthermore, Governor Pat Quinn seems to be using more of the same tactics in 2011 as he did in 2010. The Chicago Sun-Times, on its March 10 story about this crisis, mentions that Quinn’s plan is to issue debt to acquire nearly $5 billion and reduce costs with financial cuts nearing $2.2 billion (Contorno). Not that the Illinois tax payers are to blame, but those tax collections…show more content…
The state of Illinois has a website page where anyone can offer a solution to solve this problem (under “Suggest a Solution”). If those solutions are being taken seriously, the state’s 13 million residents have nothing to worry about. The answer is “out there,” already since this is a chronic lack of cash flows only accentuated by the economic maladies and abuses in financial leverage of the country (Richard F. Dye). After seeing how the state’s government flounders for a response, many worry that they are incapable of reaching a solution to what has been deemed as an old problem. This is a problem that, as big as it is, has simply been ignored by the politicians in Springfield for a long time (Finke). In the Land of Lincoln, as services and state jobs are cut, the trend analysis of the states’ finances look direr than ever. The problem is such that as many as “one in five Illinois residents is experiencing fear or anxiety” because of the economic woes. This statistic was published last summer by the “Say It Out Loud” campaign in the Illinois Mental Health Website (The Illinois Department of Human Services, Division of Mental Health and the Illinois Children’s Mental Health…show more content…
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