Despite Governor Quinn's massive tax increase earlier this year, lawmakers in Springfield, IL have been mulling the prospects for a federal bailout of the state's unsustainable public pension system. Yesterday, in rather clear language, Illinois' Republican Congressional delegation told Springfield that it would not support a federal bailout for the state. You can read all about the Illinois bail out debate here, where our friends at the Illinois Policy Institute have been closely following the story. The letter from Illinois' Congressional Republicans underscores the findings from a recent Manhattan Institute poll, which found that 66 percent of likely voters in Illinois don't want a federal bailout of the state.
US House to IL: "Do It Yourself!"
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