
Governor Pat (Pinocchio) Quinn, D-Marshmellow, has let slip one inconvenient truth that has caused his "nose" to grow 67% to match the state income tax increase. As Gov. Pinocchio unveil his budget, he is going to lobby hard for the state to borrow $8 billion to pay state vendors the money they are owed. Money the incompetent state government has either frittered away or spent on pork barrel projects or free college tuition for legislators favored constituents or simply misappropriated to crony campaign contributors. Â
Governor Pinocchio let slip that the 67% state income tax increase was necessary to help repay the new borrowings over the next 14 years. Did anyone hear any of this during the gubernatorial race last year?Â
All we heard is the governor's promise that the tax increase would be no more than 1%. Remember, the $8 billion in arrear payments was known during the campaign and it was known that it would have to be dealt with in 2011. As soon as the governor is elected to his own new term we learn the state's finances are so dire that income taxes will have to be raised another 1% to bring the levy up to 5% from 3%. Some transparency.Â
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The additional 1% was part of the game plan all along, as the only way, in the governor's view, to pay back the borrowed $8 billion. As Govenor Pinocchio term continues be sure to give him wide berth since his nose will grow leaps and bounds as he "uncovers" new fiscal travails that he and his cronies will be shocked to discover. Illinois. You get what you pay for and you paid for a governor that has the spine of a marshmallow, with apologies to all marshmallows. Â
Steve Sarich, Grayslake
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