The Civic Federation

Flickr

Commentary: The time has come to stop talking about a  'truly balanced budget'

“Let’s get a truly balanced budget ... ”  Gov. Bruce Rauner and his aides, in various venues on numerous occasions, 2015-present.

Not to downplay the governor’s mantra, but what exactly is a “truly balanced budget?” 

Digging a hole. A really deep hole.
David Stillman / Flickr.com/stilldavid (CC-BY-NC)

A nonpartisan research group says Illinois’ desperate financial condition is getting even worse.

The Civic Federation of Chicago says unless something is done soon, by next year the state’s pile of unpaid bills could consume half of all new tax revenue.