Thursday, July 07, 2011

Video: Treasurer Dan Rutherford talks about Illinois financial mess

Illinois Treasurer Dan Rutherford appeared on the Fox Business Channel yesterday, where he talked about Illinois' wretched financial situation.

Although I have written about large corporations, such as Caterpillar and Sears, that are mulling leaving Illinois, the FBC host, citing a SurePayroll report, says 25 percent of small businesses--the biggest creators of jobs, as we know--are considering leaving the Land of Lincoln. Rutherford says we shouldn't look for a press release regarding the exodus; he warns "they'll slowly start to leave." Death by a thousand cuts is still death.



In related news, on the surface Governor Pat Quinn is playing tough with AFSCME, the state's largest public-sector union. Quinn wants to cancel a planned pay raise for AFSCME members, but Quinn, shortly before receiving that union's endorsement last year, negotiated a no-layoffs-until-2012 agreement with them. He should have been hard-nosed last year. Or the year before.

The union is taking the dispute to an arbitrator.

Related post:

Gov. Quinn Pro Quo: Pat Quinn's public-sector union cash, part four

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