Op-ed by Adam Schuster and Orphe Divounguy, includes “In 2020, Illinois finds itself in a strikingly similar situation to Greece in 2010. … Congress should require states to maintain end-of-year balanced budgets and prohibit counting intergovernmental transfers and short-term borrowing as ‘revenue’ for that purpose. … Illinois and the few other states desperate for federal aid are in that position because of their own financial mismanagement, not the coronavirus.”
Read the full article on: The Hill