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Illinois economy: 'doomsday' is here

Posted on December 14, 2008

Crain's Chicago Business

This front-page article discusses the complications the arrest of Illinois Governor Rod Blagojevich will have on the State of Illinois' already precarious finances. Civic Federation President Laurence Msall is quoted saying the state is already facing a fiscal "doomsday" and that if Lieutenant Governor Quinn becomes governor, he will have to make massive cuts to state spending to balance the budget.