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 traction is that the press only occasionally reminds its readers, listeners and viewers of the past-due balance situation. As Democratic House Speaker Michael Madigan's proposal to increase the income tax on incomes above $1 million by 60 percent (from 5 percent to 8 percent made legislative headway and Govenor Pat Quinn surprised absolutely no one by backing the idea of making supposedly "temporary" income tax increases imposed three years ago permanent, both the local Chicago Daily Herald and the Associated Press predictably failed in this regard.
