Dan+Rutherford

Budget - Business - Capitalism - Dan Rutherford - Democrats/Leftists - Economy/Finances - Fox News - GOP - Government - House of Representatives - Illinois - Illinois State Government - Jobs - Liberals - Republicans - Tom Cross - Warner Todd Huston

Illinois State Legislators Try to Explain to Fox Business Network Why Ill. Is Going Bankrupt

May 27, 2011 by

FOX Business Network (FBN) has been airing a series called, “Entitlement Nation: Makers vs. Takers.” The last episode will feature a special focus on two of the biggest entitlement programs in the country: Social Security and Medicare.

FBN will interview Illinois House GOP leader Tom Cross and State Treasurer Dan Rutherford to examine how entitlements have affected the Land of Lincoln… I’ll answer that, by the way: badly.

When: Friday, May 27th, 2011; 11 AM/ET
Where: FOX Business Network (FBN)

(AT&T, Channel 211; DISH, Channel 206; DIRECTV, Channel 259)

Budget - Chicago - Conservatives - Dan Rutherford - Democrats/Leftists - Economy/Finances - GOP - Illinois - Illinois State Government - Liberals - Republicans - Taxes - Warner Todd Huston

Will Illinois Be America’s Greece?

May 25, 2011 by

The chief fiscal officer of tax-and-spend Illinois is preparing to warn lenders that allowing it to borrow any more money would be a major risk. Will his be the first state to go bankrupt?

Treasurer Dan Rutherford is a Republican in a very blue state, and the usual critics will say his warning is political grandstanding. We think the guy who counts Illinois’ money has simply embraced fiscal reality and sanity in shouting from the financial rooftops: “Don’t help us anymore; we can’t afford it.”

Rutherford on Monday said the state was in a deep hole and needed to stop digging and that he was willing to contact all the major bond houses and warn them that lending Illinois more money would be a “major risk.”

“If I need to send letters to the rating companies to tell them the treasurer of Illinois is opposed to more borrowing, I’m going to do it,” Rutherford said. “We need to cut our spending and break our unsustainable borrowing cycle before we realize a further financial disaster.”…

Read the rest at Investors.com.