Donations, Donations, Donations
I’m changing my planned post for tonight. The Peoria Journal Star published a commentary written by George Will on April 23, 2010 on page A4 entitled “New Jersey’s lessons on fiscal responsibility.” It seems that fiscal responsibility is an almost forgotten concept by governments at the State and federal level.
On my April 22nd post, I wrote about the “protest” rally at Springfield—Illinois’ State Capital—where members of the protest were demanding that the State raise our taxes through raising the State individual income tax. I also wrote that Governor Pat Quinn had proposed a 2% increase in the State income tax last year and is now proposing a raise of 1% which is about a 33% rate increase. I also wrote that many in the crowd received their income from the State government including government teachers and public employee union members. I also said that the State of Illinois is the largest single employer in the State. Government teachers—public school teachers—are not included in that total since they are employed by local school districts although much of the money for the local district comes from the State.
According to information published in the 2009 Illinois Tax booklet, the General Fund revenues for the State of Illinois were $32.12 billion in fiscal year 2009. The expenditures from the General Fund were $34.958 billion in fiscal year 2009. Therefore, the deficit for the fiscal year was $2.838 billion. As I’ve said before, the State has run deficits every year since I’ve moved back. As I’ve also said, the pension funds are also out of balance as the State has not put in the required amounts, has increased the obligation of the State for pensions, and has borrowed from the pension funds. The State is not paying their present obligations including the obligation to public schools and private companies. Finally, as I’ve said, you don’t give an alcoholic more alcohol and you don’t give a spendaholic more money to spend.
Governor Pat Quinn is running for governor this year after inheriting his position with the impeachment and conviction of the previous governor—both of whom are Chicago-area Democrats. I’ve done some research on the donations received and reported at this point in the election by Governor Quinn. The following information and the posted chart are from http://www.followthemoney.org/.
As of the last reporting period, Governor Pat Quinn:
1) Total Raised to Date: $4,280,873
The Top 15 Industries donating to Pat Quinn’s campaign:
01) Public Sector Unions—$956,528
02) General Trade Unions—$635,462
03) Lawyers & Lobbyists—$461,449
04) Transportation Unions—$139,224
05) Real Estate—$103,217
06) Hospitals & Nursing Homes—$95,689
07) Party Committees—$64,435
08) Business Services—$54,750
09) Securities & Investment—$51,350
10) Gambling & Casinos—$42,250
11) Candidate Committees—$41,100
12) Health Professionals—$38,951
13) Mining—$37,357
14) Education—$31,000
15) Liberal Policy Organization—$30,000
That’s $ 2,782,762 out of $4,280,873 from these 15 top contributors or 65+% of the total contributions.
I’m changing my planned post for tonight. The Peoria Journal Star published a commentary written by George Will on April 23, 2010 on page A4 entitled “New Jersey’s lessons on fiscal responsibility.” It seems that fiscal responsibility is an almost forgotten concept by governments at the State and federal level.
On my April 22nd post, I wrote about the “protest” rally at Springfield—Illinois’ State Capital—where members of the protest were demanding that the State raise our taxes through raising the State individual income tax. I also wrote that Governor Pat Quinn had proposed a 2% increase in the State income tax last year and is now proposing a raise of 1% which is about a 33% rate increase. I also wrote that many in the crowd received their income from the State government including government teachers and public employee union members. I also said that the State of Illinois is the largest single employer in the State. Government teachers—public school teachers—are not included in that total since they are employed by local school districts although much of the money for the local district comes from the State.
According to information published in the 2009 Illinois Tax booklet, the General Fund revenues for the State of Illinois were $32.12 billion in fiscal year 2009. The expenditures from the General Fund were $34.958 billion in fiscal year 2009. Therefore, the deficit for the fiscal year was $2.838 billion. As I’ve said before, the State has run deficits every year since I’ve moved back. As I’ve also said, the pension funds are also out of balance as the State has not put in the required amounts, has increased the obligation of the State for pensions, and has borrowed from the pension funds. The State is not paying their present obligations including the obligation to public schools and private companies. Finally, as I’ve said, you don’t give an alcoholic more alcohol and you don’t give a spendaholic more money to spend.
Governor Pat Quinn is running for governor this year after inheriting his position with the impeachment and conviction of the previous governor—both of whom are Chicago-area Democrats. I’ve done some research on the donations received and reported at this point in the election by Governor Quinn. The following information and the posted chart are from http://www.followthemoney.org/.
As of the last reporting period, Governor Pat Quinn:
1) Total Raised to Date: $4,280,873
The Top 15 Industries donating to Pat Quinn’s campaign:
01) Public Sector Unions—$956,528
02) General Trade Unions—$635,462
03) Lawyers & Lobbyists—$461,449
04) Transportation Unions—$139,224
05) Real Estate—$103,217
06) Hospitals & Nursing Homes—$95,689
07) Party Committees—$64,435
08) Business Services—$54,750
09) Securities & Investment—$51,350
10) Gambling & Casinos—$42,250
11) Candidate Committees—$41,100
12) Health Professionals—$38,951
13) Mining—$37,357
14) Education—$31,000
15) Liberal Policy Organization—$30,000
That’s $ 2,782,762 out of $4,280,873 from these 15 top contributors or 65+% of the total contributions.
posted by Christian Gunslinger at 4:39 AM
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