Monday, October 17, 2011
 
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Quinn: Paying state bills would boost Ill. economy

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[October 17, 2011]  SPRINGFIELD (AP) -- Gov. Pat Quinn says paying the state's overdue bills isn't just a question of fairness. It's also a way to help the Illinois economy.

The Democratic governor says putting billions of dollars into the hands of businesses and service groups would provide an economic boost at a time when there's danger of a "double dip" recession.

Quinn has proposed borrowing money and paying state government's backlog of overdue bills -- essentially trading one form of debt for another. Quinn says government should not push its burdens onto other groups.

Lawmakers of both parties have given a cold shoulder to the plan, but Quinn says he will try again when the Legislature convenes this month.

Critics say it's bad policy to pay routine government costs with borrowed money.

[Associated Press]

Copyright 2011 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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