After A $10 Billion Tax Increase Last Year By The State Of Illinois - The New Budget Still Has A Massive Budget Hole.
We know that "Austerity Cuts" don't work. Why don't we hear the same people about a "Tax Increase That Got Consumed By A Voracious Spending Furnace"?
NOTE: I believe that ALL AMERICANS are going to have to pay more taxes AND expect let in the way of services from the government - as a necessary means of restoring the fiscal and structural integrity of the US economy.
My argument is that many people put up a fraudulent supposition: "We tried austerity cuts after being promised that they would turn the economy around. " Yet they can't bring themselves to entertain the larger point: "The ORIGINAL PROMISES (in the case of Illinois - pensions) are in excess of what the state is able to fulfull. This is a crisis and something needs to be reconstructed beofre the state's credit rating is harmed even more.