"Finally, monsieur, a wafer-thin mint."
Posted on 04/12/2020 9:15:37 AM PDT by george76
Maybe they can borrow some money from Puerto Rico.
Wow that’s a very sobering thought.
The rainy day fund would be gone in 15 minutes?
It’s probably too late now, but Illinois and other states needed some financial planning advice long before now. Financial planning is not just needed by us as individuals,
but also by governments.
I have a very good friend who is an Illinois state senator. Extremely conservative. Poor gyy just beats his head against the wall because of the Democrat supermajority. There is nothing he can do but fight the good fight.
"Finally, monsieur, a wafer-thin mint."
I am so stealing that picture and using my rather crappy GIMP skills and putting JB Prickster’s face on that.
But just keep voting for Democrats, Illinois.
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Lots of DemocRATS looking to the “Phase 4” Coronavirus bill to bail out states such as Illinois and New York. I say HELL NO!
You’re welcome to it. I decided not to use some of the more graphic photos of Mr. Creosote, because it’s around mealtime for a lot of people.
Actually, outside of the 6-county metro Chicago area the real estate taxes are reasonable. We live about 7 miles outside the metro area, and our RE tax is about 40% of what it was inside the metro area.
I opted for a turkey breast for today. Have that in the oven slow cooking. GF is on her way over, I have the mashed potato's all set to go (boil then mash, already peeled) along with green beans almondine, stuffing, a nice salad, bottle of Kendall Jackson Reserve Chardonnay to go along with it and dang it, I forgot to pick up something for dessert. Oh well.
Sounds good! I am Orthodox, so I don’t celebrate until next week. Mrs. SCR made a spinach lasagna, which should be ready shortly.
Lemme guess... Governor Fatso will say it’s Trumps fault.
What else ? It ain’t like Prick Sir knows what the hell he’s doing.
“So they will just keep raising taxes and raising taxes until they kill off businesses and then people really flee the state in droves. That will kill property values.”
That has already happened (Lake county), but it will become obvious soon to everyone.
My town suspended street cleaning (no parking) but still sends the street cleaner down the middle of the street; I only assume its so people don’t ask why the guys haven’t been furloughed.
30,000 Six-Figure Illinois Educators Cost Taxpayers $3.7 Billion
The Big Short (2015) - FrontPoint Partners confronts Morgan Stanley Risk Assessors and S&P
——When my home State finally crashes——
Well, I wonder about that thought.
The article indicated the reserves amount to about only 15 minutes of spending. The state in effect lives from revenue received day to day. If there is no day to day revenue stream or if it is diminished, what will the treasurer do. Borrow for payroll after payroll?
Will banks continue to lend? Is the state too big to crash, to fail?
“If there is no day to day revenue stream or if it is diminished, what will the treasurer do. Borrow for payroll after payroll?”
They’re pretty much doing that now. They sell bonds, which are one step above Junk status now, to fund daily operations. Tax revenues are in the dumpster now and they aren’t going to improve in the near term. Hell they aren’t going to improve in the long term either.
“Will banks continue to lend?”
Banks aren’t that stupid. They broker the bond sales to people who are that stupid.
“Is the state too big to crash, to fail?”
Nope.
L
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