Bankrupt Illinois: Beginning of the End for Democratic Party’s Social Welfare Experiment
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Title : Bankrupt Illinois: Beginning of the End for Democratic Party’s Social Welfare Experiment
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Title : Bankrupt Illinois: Beginning of the End for Democratic Party’s Social Welfare Experiment
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newstoday-ok.blogspot.com ~“Great Society” programs of FDR, LBJ collapsing under mountain of debt
WASHINGTON, D.C. – With Illinois making last-ditch efforts to hold off an imminent statewide bankruptcy, we may be witnessing the beginning of the end for Democratic Party socialist rule at the state and local level, as well as collapse of the FDR-LBJ “Great Society” social welfare state.
Late Thursday night, the Illinois Democrat-controlled House overrode by a 71-42 vote Republican Governor Bruce Rauner’s veto to pass a massive tax hike that includes a $5 billion income tax increase for the residents of the state.
Rauner had begged the General Assembly to sustain his vetoes of a $36 billion spending plan financed with a $5 billion income tax increase, arguing the 32 percent income tax increase amounted to “a 2-by-4 smacked across the foreheads of the people of Illinois.”
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WASHINGTON, D.C. – With Illinois making last-ditch efforts to hold off an imminent statewide bankruptcy, we may be witnessing the beginning of the end for Democratic Party socialist rule at the state and local level, as well as collapse of the FDR-LBJ “Great Society” social welfare state.
Late Thursday night, the Illinois Democrat-controlled House overrode by a 71-42 vote Republican Governor Bruce Rauner’s veto to pass a massive tax hike that includes a $5 billion income tax increase for the residents of the state.
Rauner had begged the General Assembly to sustain his vetoes of a $36 billion spending plan financed with a $5 billion income tax increase, arguing the 32 percent income tax increase amounted to “a 2-by-4 smacked across the foreheads of the people of Illinois.”
More
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You are now reading the article Bankrupt Illinois: Beginning of the End for Democratic Party’s Social Welfare Experiment With link address https://newstoday-ok.blogspot.com/2017/07/bankrupt-illinois-beginning-of-end-for.html