Is state considering federal bailout?
Updated: October 8, 2012
SPRINGFIELD -- A portion of Governor Quinn's 2012 Budget Book is landing him in hot water with some watchdog groups. It says he'd consider a federal bailout for the pension crisis, but his office claims that was a misprint. The Illinois Policy Institute isn't buying it.
Kristina Rasmussen says if that was the case, then why did they wait a year to fix it. She says she's glad they corrected it, but argues there's a bigger issue out there. She wants to know why he hasn't come out and said he wouldn't seek or accept one. She says there's a simple way to end this discussion and that's by saying he wouldn't do either.
Governor Quinn's Office issued this statement to WCIA-3 News in response to the matter:Illinois has no plans to seek to seek a federal guarantee of any
bonds or pension debt. This statement was made clear in 2011.
Governor Pat Quinn is not asking for any such bailout and he
never has. Instead of spreading false claims, these folks should
get on board with what Governor Quinn continues to do to solve
Illinois' challenges.
