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Illinois Seeks a Bailout From Congress for Pensions and Cities
The New York Times ^ | 17 April 2020 | Mary Williams Walsh

Posted on 04/17/2020 7:01:07 PM PDT by Theoria

click here to read article


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To: VeniVidiVici

Yes, it may become necessary to assist a few mismanaged blue states....but there MUST be conditions.

Many MAGA folk live in these places (like me)

These states should file bankruptcy to clean up the books and lower the ridiculous pensions.

Get rid of insane sanctuary policies for illegals.

Clean up voter fraud and enact strict voter ID.

Then we can talk bailout.

After all, Trump is going to lead the entire US through some form of bankruptcy and debt jubilee.... so maybe the debt has become irrelevant since such is inevitable?


41 posted on 04/17/2020 7:47:39 PM PDT by Bobalu (We are going to witness such a circus between now and Nov that we should have to buy tickets)
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To: Theoria

Illinois has a constitutional protection for public pensions. This structural defect must be removed before ANY pension relief aid.


42 posted on 04/17/2020 7:47:42 PM PDT by jimfree (My19 y/o granddaughter continues to have more quality exec experience than an 8 year Obama.)
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To: rustyboots

When the rules are written, consult an old story by H. Beam Piper, “Lone Star Planet”. We’ve tried being nice, next time we should hold them accountable, and not just during an election.


43 posted on 04/17/2020 7:47:45 PM PDT by curious7
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To: Graybeard58

Where u at?
I’m in Marion, down south a good ways...


44 posted on 04/17/2020 7:48:34 PM PDT by Bobalu (We are going to witness such a circus between now and Nov that we should have to buy tickets)
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To: Theoria

The political situation is such that a bailout will be forthcoming for most states.

However:
First allow states to redirect existing federal monies
Second demand a 20% across the board cut in all departments
Third target additional federal monies to specific programs
Fourth Never, ever bail out the pension fund
And never pay coupon on the bonds


45 posted on 04/17/2020 7:49:34 PM PDT by Mariner (War Criminal #18)
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To: OpusatFR

Yup, US retirement accounts are the largest pool of money in the world.

The dems are desperate to get at it.

Trump should say such in very plain language during the election.

Money talks, the majority will listen.


46 posted on 04/17/2020 7:51:44 PM PDT by Bobalu (We are going to witness such a circus between now and Nov that we should have to buy tickets)
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To: Theoria

I’m inclined to say no, however, mandatory voter ID, purge voter rolls every 5 years, end pensions and give all new hires 401k, no raises for elected officials unless the citizens vote on it and ending government unions to start might make me reconsider.


47 posted on 04/17/2020 7:51:48 PM PDT by matt04
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To: Bobalu

North Pekin. Tazewell county................Central Illinois, very red.


48 posted on 04/17/2020 7:52:50 PM PDT by Graybeard58 (Best left handed banjo picker on my entire block)
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To: Richard Axtell

My f-ing god,they never stop and are so predictable! Every parasite in America wants something as there are people dying of the virus.


49 posted on 04/17/2020 7:54:21 PM PDT by shanover (...To disarm the people is the best and most effectual way to enslave them.-S.Adams)
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To: Graybeard58

Yes, I know the area, nice folk there.

I was born n raised in Rockford, had family in nearby Chicago too.

Rockford was beautiful back then, a hellhole now.

I looked at our old family home and it was for sale, still looked the same, would have been fun to live there once again but the city is lost.


50 posted on 04/17/2020 7:56:11 PM PDT by Bobalu (We are going to witness such a circus between now and Nov that we should have to buy tickets)
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To: Graybeard58

I live in Illinois too, to my great sorrow. I also say, NOT ONE PENNY. This state is a lot like Mexico, good natural resources, some good people and a government so corrupt that we will not recover until they are all gone.


51 posted on 04/17/2020 7:56:40 PM PDT by Ann de IL
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To: Richard Axtell

“Not a penny. I am a former Illinois resident, I was born there. Not a penny.”

ditto


52 posted on 04/17/2020 7:56:56 PM PDT by where's_the_Outrage? (Drain the Swamp. Build the Wall.)
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To: Theoria

The problem with Illinois is that they eventually move to Texas and Florida. Just like the borg.


We left and came to Oklahoma. One daughter and my sons are still in Illinois. They’d love to leave, but because of ex husband problems, my daughter can’t, and my daughter in law is in the pension plan, and in case it does stay solvent, (haw haw haw) she’s got another 20 some years to go. Her husband (my son) only has a 401k, which he is trying to manage well, but it’s rough right now. Besides, if they moved, it would have to be to a more northerly state, where dil’s parents live. My other son is stuck there taking care of his invalid father. They all hate it. My other daughter left years ago, and went to Texas. The good news -— they’re all conservatives. Thank You, Jesus!


53 posted on 04/17/2020 7:57:56 PM PDT by Flaming Conservative ((Pray without ceasing))
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To: Richard Axtell

We thought the rats weren’t going to be able to pul the red state/ blue state game with opening things up because of the state revenues going down to nothing . We were Wrong they are just going to extort the country. Give us money or we won’t open the economy. A rat is a rat is a rat.


54 posted on 04/17/2020 7:58:31 PM PDT by gibsonguy
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To: Graybeard58

Oh, I just read your tagline.

Are you really a banjo picker?

I’d love to be able to play a banjo!

Every once in a while I toy with the idea of ordering a cheap one on ebay just to play with it.


55 posted on 04/17/2020 7:58:50 PM PDT by Bobalu (We are going to witness such a circus between now and Nov that we should have to buy tickets)
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To: Theoria

Tax the older pensioners to take care of the new pensioners.
Sort of a Ponzi-like scheme.


56 posted on 04/17/2020 7:59:47 PM PDT by Joe Bfstplk (No real problem has a solution.)
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To: Theoria

so now we see the end game.....fed. tax payers will bail out all these over paid under worked govt employees, who the btw, are home vacationing on full pay as we speak.....


57 posted on 04/17/2020 8:00:18 PM PDT by cherry
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To: Theoria

Nope.


58 posted on 04/17/2020 8:00:38 PM PDT by Southside_Chicago_Republican (The more I learn about people, the more I like my dog.)
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To: dp0622

“And now I read articles by economists that are THRILLED That republicans finally see that debt size doesn’t matter”

Do these economists remember the interest rates during Carter/ early Regan?


59 posted on 04/17/2020 8:02:54 PM PDT by Lurkina.n.Learnin (The Revolution Will Not Be Televised but It Will Be Livestreamed)
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To: Theoria

No. Not one damned dime.

Ever.

L


60 posted on 04/17/2020 8:02:55 PM PDT by Lurker (Peaceful coexistence with the Left is not possible. Stop pretending that it is.)
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