Alexi Giannoulias's Hypocrisy on Debt
Not exactly an authority on good economics.
4:45 PM, Sep 28, 2010 • By DANIEL HALPER
In contrast to Hynes's opposition to the borrowing plan, Giannoulias was inclined to support the additional borrowing. According to the Rich Miller with the Capitol Fax Blog:
Giannoulias's claim that the federal Medicaid match would help pay off the loans when they came due was doubted by the people at the Illinois comptroller's office. Again, according to Miller:
Finally, it should be noted that Giannoulias has been the state treasurer of Illinois since 2007. Since he took office, Illinois’s budget deficit has more than quintupled, going from $2.328 billion in 2006 to over $13 billion currently.
Giannoulias supported the stimulus, and said it should have been bigger. He supports Obamacare. He was a willing participant in sinking Illinois even further into debt. His preaching about fiscal responsibility is like Tim Geithner preaching about the importance of paying your taxes.