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90_HR0061
LRB9004826CBcb
1 HOUSE RESOLUTION
2 WHEREAS, The State of Illinois has consistently supported
3 legislation that has been in harmony with the needs of the
4 federal government as well as the State and local
5 governments; and
6 WHEREAS, The necessary and legitimate services provided
7 by federal, State, and local governments are not being met
8 due to the lack of money; and
9 WHEREAS, The American taxpayer is already heavily
10 burdened with various taxes; and
11 WHEREAS, The State of Illinois must from time to time
12 issue bonds to finance capital projects that are necessary to
13 ensure the health and welfare of the citizens of the State of
14 Illinois; and
15 WHEREAS, The Sovereignty proposal would make
16 interest-free loans available to states and local governments
17 from federal government created money; the interest-free
18 loans must be used for building and repairing capital
19 projects and paying off existing debt; and
20 WHEREAS, If federal legislation is properly written and
21 implemented, the Sovereignty proposal has the potential of
22 saving citizens an enormous amount of taxes, building more of
23 the needed infrastructure, increasing employment and reducing
24 federal, State, and local government deficit and debt;
25 therefore, be it
26 RESOLVED, BY THE HOUSE OF REPRESENTATIVES OF THE
27 NINETIETH GENERAL ASSEMBLY OF THE STATE OF ILLINOIS, that we
28 support the concept of the proposal and join in requesting
29 that the United States Congress introduce the formal
30 legislation necessary to general national debate; following
31 such public discussion, this Body can better determine the
-2- LRB9004826CBcb
1 proposal's full merits and will advise our Congressional
2 Representatives and Senators accordingly; and be it further
3 RESOLVED, That suitable copies of this resolution be
4 delivered to the Speaker of the United States House of
5 Representatives, the President of the United States Senate,
6 and to each member of the Illinois Congressional Delegation.