States of Confusion: Democrat Leadership Imitates MacGruber

California, New York and Illinois are three of the most populous states in the country. Each has suffered from decades of Democrat spending sprees using money borrowed from taxpayers and investors. Each is ruled by a nefarious, incestuous partnership of public sector union bosses and Democrat hacks.

The result: all three are on the ropes and TKOs are imminent.

Budget is stalled thanks to Sacramento's 'do-nothing' gang

It's a week before the June 15 constitutional deadline for enacting a California state budget, an appropriate moment to consider the status of this year's version of the annual fiscal drama.

And that is? Up the proverbial creek without the proverbial paddle. ...there's been absolutely no progress on closing the deficit that approaches $20 billion. In fact, the situation may have grown worse because the extra federal funds that the governor and the Legislature have counted on are evaporating.

Adding to the rudderless turmoil is a conflict between the Democratic leaders of the Senate and Assembly, even though they jointly reject Schwarzenegger's big health and welfare cuts... Senate President Pro Tem Darrell Steinberg wants about $5 billion in new tax revenues, mostly by extending temporary taxes due to expire or by postponing scheduled tax cuts. Assembly Speaker John A. Perez, while proposing some additional revenues, is touting a very gimmicky borrowing scheme.

Dem Majority Leader threatens to shutdown state over Gov. Paterson's cuts

The rabble-rousing senator who paralyzed state government last year is threatening a blockbuster sequel - by shutting down all state business... [it] would rob the Democratic majority of the 32nd vote needed to approve Paterson's emergency spending plans - and plunge the state into an unprecedented, chaotic lockdown.

...He has company: Sen. Ruben Diaz (D-Bronx) said he is through voting for any type of extender, saying it's time for Paterson and legislative leaders to finalize a budget that is 70 days late.

Without a short-gap budget, state workers would stop getting paid, construction projects would grind to a halt and agencies around the state would be shuttered... Not even [Governor] Paterson's office knows the full, painful scope of a widespread state shutdown.

Moody's cuts Illinois' bond rating

Moody's Investors Service has cut Illinois' bond rating, citing the state's shrinking revenues and growing debt... The lower credit rating usually means it'll cost the state more when it tries to borrow money.

...Moody's sliced the state's rating on general obligation bonds from Aa3 to A1. In lowering the rating, Moody's blamed Illinois officials for not coming up with a lasting solution to the state's financial problems.

Quinn has announced plans to borrow $1 billion this month for capital projects...

Scratch a Leftist, find a failed government with zillions in unpaid bills.


Related:
• MacGruber Saves the Obama Presidential Campaign
• MacGruber! (Episode 408: MacGruber saves the economy)
• MacGruber Saves ObamaCare!