Illinois House committee OKs $100 million for Obama library

Tags

debt, Government corruption, ILLINOIS, Obama Presidential Library

The state of Illinois’ debt is approximately $175 billion. Of the $175 billion debt, “$146 billion of which is for pensions and retiree benefits not currently funded, and $109 billion of which the state doesn’t report” yet Illinois’ House Speaker Michael Madigan is pushing a proposal that would contribute $100 million in state funds toward the construction of Barack Obama’s presidential library in Chicago.

Chicago Tribune

…Madigan said it’s appropriate for Illinois to commit public funds for the library even though the state is grappling with serious financial problems.

‘The state of Illinois will spend over $1 billion in construction this year alone, so $100 million is not out of line,’ Madigan said after the House Executive Committee threw its support behind the library funding plan in a unanimous vote. ;It’s clearly a good investment for the future.’

While presidential libraries are traditionally funded mostly by private donations, Madigan pointed out that “close to $100 million in state money” was earmarked for the Abraham Lincoln presidential library in Springfield. ‘So we have precedent for this,’ he said….

“So we have precedent for this” — Translation — We have a precedent for spending other people’s money and money we do not have. Not to mention the thuggery of Illinois bureaucrats and contractors who see this venture as another opportunity to siphon off tax dollars.