By DON BABWIN , Associated Press
CHICAGO - While laying out his budget plan, Illinois Gov. Pat Quinn sounded less like the leader of a state facing a $13 billion deficit than a guy looking to find a credit card with a better interest rate.
When the state fails to pay public schools, colleges and social service agencies on time, he explained in his budget address this week, it must pay 12 percent annual interest on late payments. Instead, Quinn wants to borrow $4.7 billion at "reasonable market interest rates" to help pay overdue bills.