Can a Venture Capitalist Jumpstart Illinois?

AP Photo. “The new governor promised to shake up Springfield—but now all of Illinois is feeling shaken.”

This man is ruining the entire state just so he can bust up the unions and forfeit the pension owed to state employees. He thinks he can force through his plan to make the rich richer. It isn’t working, and the people of Illinois are paying the price. Here is a clip from the article.

By CAROL FELSENTHAL | October 22, 2015

Bruce Rauner didn’t seem Wednesday like a man much concerned with getting his way: The Illinois governor visited Rend Lake College in Ina, Illinois, the Elks Lodge in Mt. Vernon, the Marion Chamber of Commerce, the Marion Junior High School and 17th St. BBQ in Murphysboro, a popular downstate destination that served a whole hog at his inauguration earlier this year. At nearly every stop, his topic was the same: Illinois needs big changes.

“We have not created a single net new job in 16 years. Think about that. Sixteen years,” Rauner told reporters during his stop in Marion. “And in the meantime our
Medicaid spending has bloomed by triple. Our pension payments have gone up almost ten times. And meanwhile a flat line to down on jobs.”

Just a year ago, Rauner was campaigning against the “knuckleheads” in government and promising that he’d “shake up Springfield.” Now, after emerging from a bitter four­way primary and squeaking into the governor’s mansion with 50.3 percent of the vote in November, the wealthy venture capitalist has delivered on that promise— Springfield is shaken up and the state is locked into one of its bitterest political fights in a generation. It’s a fight that has brought into stark relief the massive budgetary problems facing Illinois—an $8 billion deficit and both the lowest credit rating and worst­-funded pension system in the nation.

Read more at Politico

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