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The Budget Crisis in the Land of Lincoln

The Budget Crisis in the Land of Lincoln

Recorded on June 10, 2017
The forty-second governor of Illinois, Bruce Rauner, joins Peter Robinson on Uncommon Knowledge to discuss Illinois’s budget crisis. With the end of the fiscal year deadline (June 30) looming ever closer Governor Rauner and House majority Democrats will have to come to an agreement to get the budget passed and prevent Illinois’s bond rating from being downgraded to junk, causing Illinois to lose investment-grade status. Peter Robinson and Governor Rauner discuss this financial crisis and Rauner’s goals for the budget. He insists that no budget will be passed unless it is a balanced budget that includes, but is not limited to, term limits, consolidating the government, and pension reform.

Governor Rauner talks about why he chose to enter politics after a successful business career and how he plans on fixing the state that is his home. He details out how Illinois has historically dealt with thirty-five years of deficits and how it ended up in the current fina

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