Skip to comments.Illinois is Collapsing: It's Coming Everywhere
Posted on 06/10/2017 1:36:34 PM PDT by Wolfie
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This could have been written about CT as well.
obamaland another legacy of the failure of this nimrod and the rats who control the cities
nothing changes till the money runs out...................
Big government does have its downsides.
It’s not coming everywhere. Many States and cities have changed their pension plans and are not on the hook. The Federal Govt did this back in the 80s. I don’t know the exact numbers of States that have done this.
This was decades in the making not just the 8 years Obama was in office and both parties can be blamed.
California, nj, ny, and any other libtard stronghold,as well.
When Democrats negotiate public employee pension plans, the taxpayers are going to get a raw deal, just like John Kerry negotiating with Iran or negotiating the Paris climate accords.
Escape from Chicago, Snake Pliskin I thought you were dead.
Massholechusetts was just downgraded by S&P this week. The legislators just voted themselves a nice salary increase and are whining about a “fiscal crisis” while setting the groundwork for a progressive income tax.
That song “We’ve Got to Get Out of This Place” by the Animals is on the playlist of every taxpayer here.
“Go ahead folks, keep pretending.”
For many, many years I’ve said America has not failed yet due to two things:
1. We hold so much WEALTH (yes, and debt - but we have more wealth) that the Socialists haven’t, ‘run out of other people’s money’ yet and...
2. Too many of us are WILLING to take I.O.U.s from Mother Government in one form or another.
It may not happen in my lifetime, but it IS going to happen. I’m terrible at math, but THIS, ‘math’ I understand.
Haircuts all around but no money from Uncle Sam.
How long have the Left been in charge?
O’ Everett McKinley Dirksen tried for years to keep the lid on IL, but now 48 years after his passing, the truth is out! Compromise does not pay dividends for the long haul.
How about 10-year term limits for public employees with NO employer-funded retirement benefits (except military and certain positions where 10+ years experience serves some compelling public interest).
No one should make more than the average private sector worker by either picking up garbage or even teaching children for that matter. These should be jobs for people just out of high school or college who have not yet settled on some career choice in the private sector - so fine, then let the work for a few years on the public dole, then get out and make room for someone else.
There’s this mysterious correlation between spending and collapse; we haven’t been able to figure it out....
Is the act of making an impossible contract and then ‘selling’ it to the beneficiaries fraud?
——— (except military and certain positions where 10+ years experience serves some compelling public interest).
That would be difficult to enforce.
Who decides whether an employee serves a “compelling public interest”?
I blame Madigan, who has been in charge of the train wreck longer than half the people in the state have been alive.
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