Prudence or Politics?
Is Illinois Comptroller Hynes acting prudently or politically in denying permission for the governor to borrow another $500 million? This is a decision that will be coming to many states.
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From The Chicago Tribune:

Quinn wants to borrow $500 million to start paying down what Hynes said is a $4.5 billion backlog in medical bills and payments to senior care centers and drug rehab programs. But Hynes said the state can ill afford to borrow more money, noting in a letter to the governor that Hynes has approved loans for $2.25 billion in the past seven months.

Hynes said those loans will come due and Quinn must focus on raising revenue now. Hynes' solution is to raise taxes and cut spending. He also called for Quinn to push lawmakers to raise the state income tax before the Feb. 2 primary.
 More here.

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