guess they gotta cut the EBT Nation then...Declare bankruptcy. Pennies on the dollar.
Seems to be working for Detroit.
Just not sure how well it’ll work out for the U.S. Government...
guess they gotta cut the EBT Nation then...There is another option: “walk away”.
If taxes in you municipality are scheduled to become unbearable, then schedule yourself to move.
Last one out of Illinois, please turn off the lights.
I don’t blame teachers who worked and were promised brnefits. I blame politicians who have overspent on this and everything else. They are like 3 year olds in a candy store with no concept of how much money they have. Or rather, we have.
Argentina, here we come
“cannot write (the Illinois Constitution) to include restrictions and limitations that the drafters did not express and the citizens of Illinois did not approve,”
oh, we’re following the constitution now.
They want to pretend they didn’t know this was coming. They did.
"Some still see hope in a negotiated approach in which labor groups, for instance, agree to pay more for their pensions in exchange for pay hikes. That's the "consideration" approach pushed by Mr. Cullerton.
OK, boys and girls....what's wrong with that??
My 87 year old Aunt taught 1st Grade in Chicago for 30 years after her husband was killed, and she had to raise my “baby” cousin entirely with her own money.
All her income and all her health benefits come from that program.
The Chicago politicians must be pikers - the ones in D.C. have no problem breaking promises - especially to vets....
What governments and courts seem to not understand is that the “services” that underpin the pensions cannot be provided along with the pensions.
If taxpayers get no/fewer services for the level of taxes they pay, they tend to stop paying taxes - either deliberately, or as a consequence of productive activity fleeing oppressive taxation - leaving the tax base barren.
At this point, according to the courts, no future government can possibly exist in any of these areas because the overhead financial obligation makes it impossible.
They think they can negotiate with the unions to cut ANY benefit? Hahahahahahahahahahahaha!
Unions won’t just ride a horse into the ground, they’ll chop it up and eat it and then steal your horse.
Welcome to DETROIT II.
I’ve said on FR for years that because California, Illinois, and NY State are crucial underpinnings of Democrat electoral votes, they will be the first to get federal guaranteed state bonds.
Let the debt multiply!