Republican leaders in Illinois say it's not a good idea for the state to borrow more money. Lawmakers are considering a plan to borrow four-billion dollars to pay off old bills but Comptroller Judy Baar Topinka says that will just keep the same debt-cycle spinning. People in Illinois are already paying 67-percent more in state taxes thanks to an increase which took effect in January of 2011.
The extra cash was supposed to pay down bills but Topinka says not a dime has actually gone toward the backlog. In fact the problem is half-a billion dollars worse now than it was when the tax hike passed.