Quinn: ‘Fiscal Crisis’ Will Be Fixed

UPDATED 01/10/11 12:37 p.m.

SPRINGFIELD, Ill. (CBS) — As he was sworn in Monday for his first full term, Gov. Pat Quinn conceded that the state is in a “fiscal crisis.”

While Quinn acknowledged that he believes “in idealism and reaching for the stars” the fiscal crisis and other problems the state faces.

LISTEN: Newsradio 780 Political Editor Craig Dellimore reports

Quoting a Gwendolyn Brooks poem, Quinn said, “Today is my giant hour, and nothing less than gianthood will do in Illinois.”

Quinn credited his administration with sweeping away the mistrust and lack of integrity that characterized the administration of his deposed predecessor, Rod Blagojevich. But Quinn said the state’s fiscal crisis cannot wait to be addressed.

“I’m here today to say we will pay our bills, and we will stabilize our budget. We will strengthen our economy,” Quinn said, “and we will do that very, very soon.”

Without referring specifically to the 75 percent income tax hike that he has endorsed along with Democratic leaders in the state General Assembly, Quinn said the state has “reached a point where I believe that we can enact, very quickly, a sound budget; a balanced budget that pays the bills in the State of Illinois; that pays off obligations, and that also makes sure that our economy is strong for today and our future.”

As Quinn, House Speaker Michael Madigan (D-Chicago), and Senate President John Cullerton (D-Chicago) try to get the tax hike passed, an unusual session of the General Assembly is scheduled for Monday, between the inauguration and the inaugurational ball.

The state budget deficit could soon hit $15 billion.

Quinn also emphasized the need for job creation, and also called for advancement of high-speed rail projects and a third Chicago area airport in Peotone.

Quinn became choked up as he talked about the triumphs and tragedies of fallen servicemen in Illinois. He became emotional as he talked about Ryan Beaupre of Kankakee County, who was one of the first casualties of the War in Iraq in 2003.

After Quinn was sworn in , Lt. Gov. Sheila Simon took the oath of office. She followed in the footsteps of her father, the late U.S. Sen. Paul Simon (D-Ill.), who was elected Illinois lieutenant governor in 1968.

Just before the ceremony, Inauguration Day had gone gray and cold, with storms on the horizon. One is a snowstorm from the west, the other a storm inside the State Capitol over a proposed income tax increase.

Across the street from the convention center, demonstrators brought in by unions were protesting for more jobs in Illinois.

But at the convention center, the 5,800 guests invited for the event for various officeholders being sworn in Monday are entering through what can only be described as extremely tight security. There are more uniformed police officers at the convention center, and metal detectors are the rule as opposed to the exception.

There were always going to be metal detectors, but the number of security personnel was greater than originally planned.

Illinois State Police spokesman Scott Compton has said not to expect any major changes in the aftermath of an Arizona shooting spree that left a member of Congress critically injured.

But Compton said some additional officers will be present for Monday’s ceremony. He says they will be visible to the public in an effort to discourage anyone who might be thinking about causing trouble.

Even before the Arizona shooting, state police had plans for protecting officials as they are sworn in and for responding quickly to any threat.

At 8 p.m., the doors open for the inaugural ball. The first dance commences at 10 p.m. at the convention center.

(TM and © Copyright 2010 CBS Radio Inc. and its relevant subsidiaries. CBS Radio and EYE Logo TM and Copyright 2010 CBS Broadcasting Inc. Used under license. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed. The Associated Press contributed to this report.)

  • Tom

    Everyone with a nice pension has been invited.These people pay no state income tax.

  • Larry

    Funny, I got choked up when I discovered that my cash flow will be negative for this year.What that means Quinn,even though I have made MAJOR CUTS,I will be late in paying my bills.I’ve also noticed that your waist size has increased during these lean times.

    • Tom

      Jim,good pont my friend.I;m sorry that we were’nt invited.Maybe next time.

  • Jim

    Good thing our state can afford an inaugural ball for these clowns. I love the part of Quinns statement “and that also makes sure that our economy is strong for today and our future.” With the proposed taxes there won’t be any jobs in the state other than state and federal…how is that strong? He is truly the GIANT MORON and a LIAR.

    • Jim

      Quinn’s logic is that a “Fiscal crisis” can only be resolved with a “doomsday tax increase”!

  • Knappydawg

    No state income tax in texas, and property taxes are about 1/3, WHY, WHY WHY ???

  • Knappydawg

    Oh Sorry, it’s required your rifle must be in clear view on the inside of the rear window of your pick up truck, great anty crime tactic!!! Unlike Ill where your gun must be kept unloaded in your home!!

    • KE

      Now that is just a stupid comment.

      All the people in sprawling Austin/San Antonio area are laughing at us Chicagoans all the way to the bank —
      And why wouldn’t they with their MBA’s in hand (with the low cost for a Master’s Degree), as they retired to their HUGE brand new homes thanks to their low property and sales taxes — and .. need I go on

  • southside

    Delusional fool

  • Lisa M

    Welcome to Illnoise… where we make alot of noise flapping our jaws and we cover our ears because we don’t have to listen to the people since we are now elected and in charge. Quinn can kiss my arce… Why don’t he start by lowering the salaries of those in his office and himself. Live like real people just getting by on the pennies they have, then he will see. Peotone? Why can’t they just go to the Joliet airport or is O’Hare too good for them???? Please not with my tax dollars you aren’t building another stupid airport for your pleasure.

  • Sym Clough

    I just want it fixed. Fix it Legislature!

  • Mark G

    Ok, With the state government not able to pay its bills over the past year or 2, we can come up with money to put together an inaugural ball for 6,000 people? If Mr. Quinn wants to be a responsible person with OUR money, he needs to stop this type of spending. When I get a job, no one throws a party for me?

    In addition, we shuold not have 1 tax increase until we tighten our belts in Springfield and cut EVERY dime out of the budget that is not needed, we cut salaries to be more in line with the constituents in Illinois, quit spending money we do not have and quit voting for services we can not aford or do not have the taxes to support. This is needed accross the board.

    If we don’t have the money in the bank….we should not be able to spend it..period!

    Last option would be to match budget cuts, penny for penny, for each tax dollar that is being raised!

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