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Illinois GOP Senators Oppose Quinn Plan to Borrow to Pay Bills

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Uploaded on Mar 28, 2011

(Chicago, IL) -- State Senate Republicans last Thursday focused on the Illinois budget and stated their opposition to Governor Pat Quinn's plan to borrow money, at a lower interest rate than what the state is currently paying, to pay the state's overdue bills to small business owners, human service providers and others, bills which are six to nine months overdue.

The six suburban Republican state senators at a breakfast said they opposed Quinn's plan to swap more expensive, high-interest rate debt at 12% per year for cheaper debt at 5%.

"Borrow! Another 8.4 or 8.7 billion. That is just unbelievable," said Sen. Kirk Dillard (R-Hinsdale).

"We've got to cut back the spending or we have got a disaster staring us in the face," said Sen. Chris Lauzen (R-Aurora).

The Republicans also want to cut spending by $5 billion, including about $1 billion from public education and $1 billion from Illinois human services.

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