Posted on 04/08/2018 6:55:58 AM PDT by george76
Illinois voters have done this to themselves. California, New York & Illinois are dying from Democrat Party self inflicted wounds. People are pouring out of these three states in massive numbers. Here I come Texas, Florida, etc.
“and its state constitution has been interpreted to require a 7% growth in pensions a year for all state employees.”
Section 23 of the Illinois Constitution is quite clear. Pensions can not be “diminished or impaired” in any way, save a Chapter 9 Municipal Bankruptcy.
L
“It’s logical at some point an entire state will declare bankruptcy.“
They’ll have to change Federal law to do that.
L
Big Government is organized, legalized crime. The Founders knew this and warned against it- yet here we are. The DemoRats are the modern Pharisees and the RINO’s are the modern Judas’s and cabal together against Truth and Freedom. They are unworthy scums and a blight on this nation.
In my hometown they sure do keep the property of City Hall nice, purdy and ever expanding. Meanwhile the road next to my house has a pitch problem they don’t fix. This is Tx too mind you. Increased my property taxes but no additional services rendered — nice City Hall though. 3 rd finger.
>
Property taxes, proof you aren’t the king or queen of the governments castle. It proves you only rent the abode from the government. Proof, if you improve your home your taxes go up. If you don’t the taxes go up. More if you improve it.
>
Don’t forget, many places will also fine you for FAILING to keep-up the property too. HOAs/govt will fine owner for allowing grass to grow too high, have too much ‘clutter’, having more than 1 car in the drive-way (or fix it there).
Just look at your vehicle(s). EVERY year w/ a new sticker. Sell it? Look at more $$ to re-register (based on $$ paid, not on the actual cost of the registering process [man-hours]).
No, property is long dead. People just like to BELIEVE, and govt is more than willing to let them delude themselves.
“Don’t forget, many places will also fine you for FAILING to keep-up the property too. HOAs/govt will fine owner for allowing grass to grow too high, have too much ‘clutter’, having more than 1 car in the drive-way (or fix it there).”
HOAs are a purchaser choice-——the government isn’t.
.
>
I think of it as extortion money. The property can be completely paid off and debt free, but fail to pay that annual ‘fee’ and they will take away everything you spent your life working for and destroy you.
>
It’d go up in flames before I allowed that to happen.
And, the Left will say, ‘rightfully so’, “You can take your home and MOVE it...”.
Just curious-—where is the money going to come from for street maintenance,sidewalk maintenance,sewer maintenance,street lights,municipal parking lots,snow and leaf removal,schools etc.?
.
You mean aside from the taxpayers of said area?
Maybe, they’ll get to return to a time when govt worked for THEM.
Does the Federal taxpayer have any obligation to the other States? By what authority?
States can’t come together to design/pay for interstate projects??
Easy: Illinois. With over $200,000,000,000 in unfunded public employee pension liabilities and no end in sight, there's no way this state (I live here ....) can raise property taxes enough or any other tax enough to cover them without driving every taxpayer out of this state --- which ironically is happening already.
The problem here is it's in our State Constitution (thanks to Democrats and Public Sector Unions being in bed together) that the State CANNOT cut pension obligations to State Employees as a matter of law, period. Every "attempt" to do so has been shot down by the Illinois Supreme Court because the law would be against the State Constitution.
To be clear about this: Every time someone runs for governor or some other state wide office, they talk about passing a law to fix the pension problem here. That's a shell game. There is NO LAW that can be passed to "fix" this problem.
What is required, and the State Supreme Court has been very clear on this, is that the State Legislature change the State Constitution and eliminate or re-write the part of the State Constitution that GUARANTEES pension obligations for State Employees.
Absent that specific act, nothing will change here in Illinois and I'll tell you upfront: IT'LL NEVER CHANGE HERE IN ILLINOIS.
The public sector unions and the Democrats are in complete cahoots with each other. The public sector unions are so powerful at this point that the Democrats wouldn't DREAM of supporting a State Constitutional Convention to fix the problem. That's why they always talk about "Passing a law" to fix the problem - which they know will NEVER fix it however most voters in this state are so f'ing stupid they don't know that.
It doesn't help that every state and congressional district is gerrymandered heavily towards Democrats so they keep winning re-election (gee, there's a shocker) and what is called the "republican party" in this state is completely useless. No balls, no spine, no ideas, no nothing. They go along to get along with the Democrats and keep what few seats they have.
So which state will fail first? Illinois. I'd put good money on it.
>
HOAs are a purchaser choice-——the government isn’t.
>
I’ll say: MOST of the time, in both cases.
Plenty of busy-bodies that come in ‘after the fact’; be it HOA or Leftists leaving their s*-holes to re-make ‘em in TX, CO, etc.
Happy to say my ‘hood got rid of their HOA shortly before we bought. It was on my list of ‘better NOT have’ w/ the realtor.
We’re over what, $200,000,000,000 in unfunded pension liabilities for “state workers” now? (I put that in quotes because we know state workers don’t really work ....)
Not only a race to the bottom, also a race to oblivion.
>>Which state will fail first, IL or CA?
“Although he didn’t work for the state, my brother timed his house sale to his retirement date. He couldn’t get out of Illinois fast enough to suit him.”
I was referring to the embedded machine politicians and patronage workers....not to normal people fed up with illannoy and wanting to escape to America.
One thing that is saving Californicator home owners is simple supply and demand if you live in a desirable area, and our prop 13 to protect home owners from terrible property tax increases.
If you own a nice home that didn’t burn up in the counties hit with the fires last year, have had minimal if any earthquake damage from the 3 earthquakes and live above a flood plain. Buyers from around the world are flocking here.
Many of us seniors are in the process of getting a reverse mortgage to tap into the property value increases without actually selling our homes.
A single neighbor has relocated to the Seattle area. His financial adviser told him not to sell his home here as it might be the best investment he will ever get. He will be renting it for 7 K per month. One and two bedroom apartments are renting from 2-3 K per month depending on where they are.
That is not happening in Illinois.
Thanks .
Illinois is doomed. If you own a business, the thing to do is to move it out of state. If you own a home, sell it now before the market really tanks. There is no way to get out from under the massive obligations to the public sector labor unions. Those pension promises simply cannot be paid but the state’s politicians are guaranteed to drive the state into bankruptcy before that fact is ever admitted. If you own any property in the state, they will steal it from you to pay off their political supporters for just a little longer. Get out now.
the govt workers will go on living like kings and queens and that's it...
if their children and grandchildren and all their friends kids and all the kids in the church they go to go broke, or never find jobs at least not good jobs, and lose their homes then so be it....
its the govt workers, as always..
That’s an easy one: NJ will fail first.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.