I couldn't disagree more SAVA. Yes, sometimes it's ok to run deficit spending, but it should never be used because of poor management.
States like Illinois have governed with a blind eye for way too long by Ignoring pension obligation and increases social welfare expenditures. It's public officials refused to make any hard decisions and instead continued to appease voters by spending money they didn't have. Some states will put a side surplus revenues for a rainy day. Just like a household. Even in good years, Illinois has been negligent.
States like Illinois have governed with a blind eye for way too long by Ignoring pension obligation and increases social welfare expenditures. It's public officials refused to make any hard decisions and instead continued to appease voters by spending money they didn't have. Some states will put a side surplus revenues for a rainy day. Just like a household. Even in good years, Illinois has been negligent.
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