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CCSD66 Notes

Tuesday, October 07, 2008

More Blagojevich Rumors

What do you think of the news that US Attorney Patrick Fitzgerald filed a motion to postpone the sentencing of convicted fund raiser Tony Rezko? This move should help remove the pressure from the Obama presidential campaign. I suspect this move will be bad news for our governor and his cronies. It seems as if the US Attorney's office must believe whatever Mr. Rezko has been telling them or the sentencing would not have been delayed.

Apparently, a grand jury has been convened to examine the Rezko information and people identified as potential witnesses. Supposedly the FBI has been making home visits to some people involved in this situation. It appears that there may be a scenario similar to that of convicted former Governor Ryan in that they are looking at financial deals and campaign contributions. If the Blagojevich campaign is with a RICO complaint the governor could be in deep trouble with no way to pay his enormous legal bills.

In the meantime, there has been little or no progress in establishing a sound fiscal plan for the state. We continue to operate with smoke, mirrors and high hopes. The state continues to operate with little cash to pay obligations and there are no plans to generate additional funds in spite of the efforts of legislators such as Senator James Meeks.