Page 26 - State Debt News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Like the financial problems in washington so let's look state and think federal. what do you mean? what's happening in illinois, how are they acting? >> ok, illinois wants to keep on borrowing and spending. the state treasurer says no, you can't do that. stop and stop the borrowing now. >> where do they borrow from? >> anybody who will lend them money. we need to borrow $2 billion, who will lend us the money? the state treasurer says you borrowed enough. you're so far in debt, we must stop the borrowing. here's how bad it is in illinois. they have unpaid bills to the tune of $6 billion. the st...

Some of the worst political rhetoric telling middle class families if you have a down's syndrome kid they will be suffering. stop campaigning, mr. president and start leading on this issue of the deficit. alisyn: your critics have pointed out you are none immune to budget problems. state debt increased from $28 billion to $51 billion. >> i started out with a $5 billion deficit i inherited. my last budget had a $2.3 billion surplus. and we had the highest credit rating in 40 years in the state of new york. we reduced the state workforce by 15%. the debt went off at the rate of inflation. it was...

Right. $7.5 million. or 95.3% less than that, depending on which day you asked and whether or not the governor wanted to make a crisis headline out of it that day or not. i mean, come on. remember the bond refinancing thing, too? we have to end this right now or we won't be able to refinance our state debt. remember that? they said the democrats would have to return to the state by february 25th or the state wouldn't be able to refi millio, millions of dollars would be lost. turns out that isn't the deadline, they actually have until april to do it. and it turns out it costs money to refi anyw...

$7.5 million. or 95.3% less than that, depending on which day you asked and whether or not the governor wanted to make a crisis headline out of it that day or not. i mean, come on. remember the bond refinancing thing, too? we have to end this right now or we won't be able to refinance our state debt. remember that? they said the democrats would have to return to the state by february 25th or the state wouldn't be able to refi, millions of dollars would be lost. turns out that isn't the deadline, they actually have until april to do it. and it turns out it costs money to refi anyway, it doesn't...

Employee unions. the result is going to be eventually strikes. that's what we're going to go back to. we haven't had a public employee strike in the state of wisconsin in 40 years but if this goes through as the governor proposes it, that's exactly where we're headed. martha: where do you think this standoff is headed in terms of he's sort of pushed the deadline on when he would announce layoffs, you know, and his office is saying they don't want to lay anybody off, but they're also saying they're not going to make any concessions on this push to eliminate the collective bargaining as part of ...