Once Again, Press Ignores Illinois' Billions in Unpaid Bills in Coveri

March 28th, 2014 10:11 PM
As I noted on Saturday, the idea that a state with about $6 billion in overdue unpaid bills would choose to raise taxes and apply the money to new spending is appalling. But when it comes to describing a state's finances, "appalling" and "Illinois" have belonged in the same sentence for so long, it's hard to remember when that wasn't the case. Part of the reason that such proposals gain…