"So, I looked up the
video and watched it this morning…
"The commenter wasn’t
quite right, but he was close.
"If you go to about the 47-minute mark,
you’ll hear an unidentified questioner say this to Fahner: ‘Maybe
sometimes you gotta be irresponsible to be responsible. If a political solution
really doesn’t produce a favorable outcome, maybe you really need a market
solution. And a market solution, I don’t mean bankruptcy, I mean actually
talking down the state rating even further so the state’s bonds essentially
become below investment grade. And it drives up the borrowing cost to the state
and all of us to a significant level enough that you really feel the public
pressure…’
"Fahner’s response: 'The Civic Committee, not
me, but some of the people that make up the Civic Committee… did meet with and
call - in one case in person - and a couple of calls to Moody’s and Fitch and
Standard & Poors, and say ‘How in the hell can you guys do this? You are an
enabler to let the state continue. You keep threatening more and more and
more.’
"And I think now we’ve backed off. We don’t want to be the straw
that broke the camel’s back… It hasn’t been irresponsible, but we have told
them that we thought they were being irresponsible. But we stopped that a
couple of months ago.'"
- Posted by Rich Miller at Capitol Fax
Commentaries:
Commentaries:
Corporatists are alive and well
in Illinois. The history of our State has been one of excessive greed and
shameless hypocrisy, of corruption and oppression, of extortion and domination,
of exploitation and deception, of selfishness and subjugation, of poverty and
unemployment and inequitable taxation, of protection for the wealthy and their
powerful interests, of exorbitant wealth for the few and scarcity of wealth for
the many: government of the Committee, by the Committee, and for the Committee…
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More: Click Here
Most people believe the citizens
of Illinois are victims of a partisan polarization and well-financed
organizational interest group politics and policies, of compromised
corporate-owned media that has been bought by the wealthy minority to shape
what and how they think about fiscal issues, that the Illinois state government
is held hostage by affluent and influential “special interests” (to protect the
riches of the wealthy); where both the republican and democratic parties are
one and the same “Money Party,” corrupted by briberies (campaign funding) made
legal (Citizens United); and by those who can manipulate the state’s
politicians without consequences, set the legislative agenda, and hoodwink and
oppress an oblivious populace...
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