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What to Do About Fiscally Irresponsible States Like Illinois?

Posted on 06/22/2017 8:03:39 AM PDT by Reily

This needs its own separate but more general topic. “What Do You Do With States That Get Into Fiscal Trouble Like Illinois?”

I guess Illinois is the worst case but are not California, New York and others not far behind?

Question: Can this be laid at the feet of Nixon’s “Revenue Sharing”? Doesn’t federal revenue sharing allow states to skate their own fiscal responsibilities, since Uncle Sucker (meaning other states!) will now pay its bills?

What are some solutions?


TOPICS: Business/Economy; Miscellaneous; Society
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To: Reily

What happened the last time was Obama and the Democrats passed the $800 billion porkulus spending bill and bailed out poorly run states. Ain’t gonna happen this time. Illinois has to get its own state in order. Taxpaying voters of Illinois either have to throw the bums out, or vote with their feet. Taxpayers from other states should not have to bail out Illinois. That would essentially be taxation without representation.


21 posted on 06/22/2017 8:20:39 AM PDT by Ge0ffrey
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To: Reily

Illinois lottery players may lose Powerball and Mega Millions at the end of June

https://www.lotterypost.com/news/313228


22 posted on 06/22/2017 8:20:49 AM PDT by RummyChick (can we switch Don,Jr for Prince Kush and his flak jacket. From Yacht Party to Warzone ready to wear.)
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To: Reily

Do like the Obama administration did with GM: split it into two Illinois, a good one and a bad one. Then sweep the bad one under the rug.


23 posted on 06/22/2017 8:21:39 AM PDT by Prolixus (Drain the swamp!!!)
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To: thoughtomator
As a failed state, it should become a US territory with no representation in Congress and none of the rights or privileges of States.

And no financial aid from the rest of us. They got themselves into it, they can get themselves out.

24 posted on 06/22/2017 8:27:20 AM PDT by bgill (CDC site, "We don't know how people are infected with Ebola.")
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To: Reily

They can’t print money or crap on the unions....


25 posted on 06/22/2017 8:30:41 AM PDT by umgud
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To: FrankR
After a complete audit

That would result in new prisons being built to house corrupt politicians. Jobs growth!

26 posted on 06/22/2017 8:31:03 AM PDT by bgill (CDC site, "We don't know how people are infected with Ebola.")
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To: Reily

Use them of an example of what will happen to the US if we continue down the path we are on.
Entitlements are not free.
Government spending does matter.
Government promises for retirement are empty unless managed honestly.
Fiscal responsibility is a job of our representatives.

Force them to make the necessary cuts so everyone can see what happens.


27 posted on 06/22/2017 8:31:25 AM PDT by LostPassword
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To: Reily

Relegate them to the status as Puerto Rico. Reverse secession


28 posted on 06/22/2017 8:33:09 AM PDT by t4texas (Remember the Alamo!)
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To: TheTimeOfMan

No one addressed as to whether Nixon’s revenue sharing contributed!

My 2 cents.

1. State reverts to territorial status. Territorial governor and state office heads appointed by fed. All current elected members of state government both legislative, executive & judicial either fired or retired (like state judges!). All banned from state politics for at least two election cycles.

2. All state contracts including union voided.

3. No new state hires for at least two election cycles, then 1 hire for every 2 leaving. Any gaps can be filled by shuffling personnel or closing the position.

4. State retirees take a 5%-10% haircut.

5. Higher Education: 20% cut in state university administrative positions precedence of cuts done as most recent created to oldest.

6. Education K-12: 30% cut in all administrative positions.

7. Change in Illinois State Constitution (may already exist!): 2 Senators per Illinois county. This would increase the say of the rest of Illinois over places like Chicago.

8. Change in the Illinois State Constitution (again may already exist!) to allow the state government to decertify corrupt local governments like Chicago & Cook County.

9. State term limits for all elected officials in Illinois.


29 posted on 06/22/2017 8:40:17 AM PDT by Reily
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To: Kudsman

Yes raise taxes!!! Doesn’t even kindergarten teach that in order to fix failed liberal socialist problems that taxes need to be raised and more resources redistributed? Make Illinois a charter state of the BSSR, THE BLUE STATES SOCIALIST REPUBLIC! In BSSR life would be an utopia of flying unicorns, racial harmony, religious harmony, no firearms, no ID, open immigration, free medical care, and abortion chop shops on every block!


30 posted on 06/22/2017 8:47:02 AM PDT by TnTnTn
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To: Leaning Right

Yes but it the “elected official” who is the real culprit some state bureaucrat bad little say one way or the ether.

And unfortunately since it really is the elected official who is the decision maker by extension it’s the Illinoisan voter whose really at fault!

For believing in infinite money trees, unicorns & skittles from heaven!


31 posted on 06/22/2017 8:50:45 AM PDT by Reily
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To: Reily

Convert them to the status of Territories with no representation in the Congress. Assign a commission to oversee the finances of the Territory with authority to nullify some or all debt.Make the status to last for a minimum of 20 years. Make the terms of readmission as a state to be permanent balanced budgets and no state or local government borrowing possible. Ignore the courts which will oppose it all.


32 posted on 06/22/2017 8:57:19 AM PDT by arthurus
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To: Reily
Bad = had. I really wish you could edit posts post posting!😛
33 posted on 06/22/2017 9:00:02 AM PDT by Reily
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To: Reily

Let em go bankrupt. Then the pensions et al will have to be renegotiated


34 posted on 06/22/2017 9:11:23 AM PDT by Nifster (I see puppy dogs in the clouds)
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To: Reily

Ether = other!... grr!


35 posted on 06/22/2017 9:15:17 AM PDT by Reily
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To: allendale
Eventually the Federal government will be forced to manage their bankruptcy. However if a Republican Congress is smart they will assign a Federal czar who will have the real power of taxing, spending and essential governance in those states.

I agreed with you until yesterday, when I learned that under current law a state CAN NOT declare bankruptcy (while strangely the City of Detroit can).

At the end of the day they'll hold the gun to our head of "too big to fail", and we'll bail them out in the name of avoiding economic cataclysm. It's worked before. They know it, which is why these states keep spending.


36 posted on 06/22/2017 9:16:09 AM PDT by Buckeye McFrog
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To: Reily
Voters are irresponsible, the media is biased, laws are ignored, schools don't teach but rather indoctrinate, corruption bears no stigma.... it's a third world s&^thole and like all other third world sh&^holes ... they will come running to Uncle Sam with their hand out.
37 posted on 06/22/2017 9:24:02 AM PDT by SMARTY ("Nearly all men can stand adversity...to test a man's character, give him power." A. Lincoln)
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To: Reily

We should do nothing.


38 posted on 06/22/2017 9:27:54 AM PDT by Mr. Lucky
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To: thoughtomator
Break up the state


39 posted on 06/22/2017 10:01:38 AM PDT by HangnJudge
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To: allendale

The U.S. Constitution, in Article 4, Section 4, prohibits any federal bailout to a bankrupt state.


40 posted on 06/22/2017 10:03:51 AM PDT by Uncle Sham
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