Thứ Tư, 4 tháng 5, 2011

Democrat Incompetence Not So Funny In Illinois Where Vendors Are Begging the State to Borrow More So It Can Pay 9-Month Old Invoices

If Democrats weren't in power, they'd be useful only as comic relief. Their failed entitlement programs, their locust-like destruction of economies big and small, their misery-inducing wealth redistribution schemes... everything they touch turns to fecal matter. Which makes Illinois an especially interesting laboratory.

Resource One Office Furnishings and Design was Illinois’ largest metal office furniture supplier in 2000, and the company attracted the state itself, which wanted the company to design and make custom-made office furniture for state agencies.

But when the economy tanked in 2009, so did [the] furniture business. And that same year, the state started falling behind on its payments to its vendors... In 2010, the state owed Resource One about $500,000 and payments were at least nine months past due. To keep the business afloat, Mannschreck and his business partner, Cindy Davis, took out loans from banks.

...How much does Illinois owe? Well, for example, it owes:

* $50 million to St. John’s Hospital
* $25 million to Memorial Medical Center
* $2.1 million to Springfield ARC, an advocacy organization that deals with intellectual and development disabilities

Illinois’ Comptroller Office has more than 200,000 unpaid vouchers dating back to November 2010 totaling $4.2 billion. The unpaid bills are expected to double at $8.3 billion by the end of June...

“That number includes payments due to our small businesses, schools, hospitals, not-for-profit and social service agencies,” Hahn said. “It is unacceptable and needs to change, which is why (the comptroller) continues to push for spending reforms as the only way to regain our fiscal footing.”

...“We think immediate action is needed — small business, health care providers, units of local governments, school districts, universities and others who are owed money by the state should not be expected to be the de facto bank for the state of Illinois,” the chamber's Plummer said. “We support short-term bonding to pay off past-due bills.”

...Service providers, hospitals and businesses are hanging on a financially thread... “We appreciate (the state’s) business, but we don’t have deep pockets and we just have to be paid,” said Mannschreck, the business owner. “If the state doesn’t pay on time, it affects the ability to buy and get products manufactured. Manufacturers also need money. It’s kind of a house of dominos.”

My advice: keep voting Democrat, drones.

Those out-of-control public sector union bosses can really use the extra money. The private sector lives to support government; that's what Democrats believe and that's why you, the citizen, should support higher taxes to make things right for the union bosses.


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