Are you starting to get an idea how Illinois ended up with the worst credit rating of any state in the country? (If you want to read the depressing details from the bond rating agency Fitch, they are here.) News flash: Illinois is BROKE. It has a $100 billion pension crisis and $6.6 billion in unpaid bills.
The de facto governor of Illinois, democrat Speaker of the House Michael Madigan, is pushing a plan to spend taxpayer money on Barack Obama’s presidential library. The Illinois House approved the plan last week. Speaking like your profligate, dead beat brother-in-law, who has maxed out his credit cards, drained his IRA, and stolen from his kid’s piggy bank, Madigan explained that since the state is already spending, or as any good democrat would say “investing,” money it doesn’t have, what’s another $100 million?
“The state of Illinois will spend over $1 billion in construction this year alone, so $100 million is not out of line,” Madigan said after the House Executive Committee threw its support behind the library funding plan in a unanimous vote. “It’s clearly a good investment for the future.”
Both Bill Clinton’s and George W. Bush’s libraries were built with PRIVATE funds, but given his hostility toward the icky private sector (remember when he said working in it was like being “behind enemy lines?”) I guess he would want private money to pay for the construction of his library.
And, as Madigan points out, it’s not like the state of Illinois hasn’t done this sort of thing before, and the other guy couldn’t even walk on water:
While presidential libraries are traditionally funded mostly by private donations, Madigan pointed out that “close to $100 million in state money” was earmarked for the Abraham Lincoln presidential library in Springfield. “So we have precedent for this,” he said.
Oh, OK, then. If Illinois could shell out $100 million in state funds for that Lincoln character, how could they deny it to the One? Why, unless there is RAAAACISM involved.
Did anyone consider just asking the Oprah, Jay-Z and Beyoncè to donate this $100 million from their pocket change?