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Illinois is Collapsing: It's Coming Everywhere
Market-Ticker ^ | June 10, 2017 | Karl Denninger

Posted on 06/10/2017 1:36:34 PM PDT by Wolfie

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1 posted on 06/10/2017 1:36:35 PM PDT by Wolfie
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To: Wolfie

This could have been written about CT as well.


2 posted on 06/10/2017 1:40:11 PM PDT by raybbr (That progressive bumper sticker on your car might just as well say, "Yes, I'm THAT stupid!")
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To: Wolfie

obamaland another legacy of the failure of this nimrod and the rats who control the cities


3 posted on 06/10/2017 1:44:10 PM PDT by ronnie raygun (Trump plays chess the rest are still playing checkers)
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To: Wolfie

nothing changes till the money runs out...................


4 posted on 06/10/2017 1:47:30 PM PDT by PeterPrinciple (Thinking Caps are no longer being issued but there must be a warehouse full of them somewhere.)
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To: Wolfie

Big government does have its downsides.


5 posted on 06/10/2017 1:50:53 PM PDT by Ken H (Best election ever!)
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To: Wolfie

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.


6 posted on 06/10/2017 1:52:21 PM PDT by Seruzawa (FABOL)
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To: ronnie raygun

This was decades in the making not just the 8 years Obama was in office and both parties can be blamed.


7 posted on 06/10/2017 1:52:27 PM PDT by Captain Peter Blood
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To: raybbr

California, nj, ny, and any other libtard stronghold,as well.


8 posted on 06/10/2017 1:54:31 PM PDT by Secret Agent Man ( Gone Galt; Not averse to Going Bronson.)
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To: Wolfie

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.


9 posted on 06/10/2017 1:55:23 PM PDT by The people have spoken (Proud member of Hillary's basket of deplorables)
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To: Wolfie

Escape from Chicago, Snake Pliskin I thought you were dead.


10 posted on 06/10/2017 1:58:08 PM PDT by swhiteman
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To: Wolfie

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.


11 posted on 06/10/2017 1:58:30 PM PDT by LostInBayport (When there are more people riding in the cart than there are pulling it, the cart stops moving...)
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To: Wolfie

“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.


12 posted on 06/10/2017 1:59:32 PM PDT by Diana in Wisconsin (I don't have 'Hobbies.' I'm developing a robust Post-Apocalyptic skill set!)
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To: Wolfie

Haircuts all around but no money from Uncle Sam.

How long have the Left been in charge?


13 posted on 06/10/2017 2:03:37 PM PDT by joshua c (To disrupt the system, we must disrupt our lives)
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To: Wolfie

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.


14 posted on 06/10/2017 2:04:50 PM PDT by Theodore R. (Let's not squander the golden opportunity of 2017.)
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To: Diana in Wisconsin

http://www.nydailynews.com/new-york/manhattan/anti-sharia-demonstration-dwarfed-islam-supporting-protesters-article-1.3237042


15 posted on 06/10/2017 2:05:14 PM PDT by Original Lurker
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To: Wolfie

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.


16 posted on 06/10/2017 2:05:31 PM PDT by zencycler
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To: Wolfie

There’s this mysterious correlation between spending and collapse; we haven’t been able to figure it out....


17 posted on 06/10/2017 2:06:09 PM PDT by lurk (TEat)
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To: Wolfie

Is the act of making an impossible contract and then ‘selling’ it to the beneficiaries fraud?


18 posted on 06/10/2017 2:10:34 PM PDT by I am Richard Brandon
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To: zencycler

——— (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”?

.


19 posted on 06/10/2017 2:10:47 PM PDT by Mears (Clorox bleach is a racist product.)
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To: Wolfie

I blame Madigan, who has been in charge of the train wreck longer than half the people in the state have been alive.


20 posted on 06/10/2017 2:11:36 PM PDT by bigbob (People say believe half of what you see son and none of what you hear - M. Gaye)
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