Posted on 06/17/2017 11:05:13 AM PDT by 2banana
The Illinois official responsible for paying the state's bills is warning that new court orders mean her office must pay out more each month than Illinois receives in revenue.
Comptroller Susana Mendoza must prioritize what gets paid as Illinois nears its third year without a state budget.
A mix of state law, court orders and pressure from credit rating agencies requires some items be paid first. Those include debt and pension payments, state worker paychecks and some school funding.
Mendoza says a recent court order regarding money owed for Medicaid bills means mandated payments will eat up 100 percent of Illinois' monthly revenue.
(Excerpt) Read more at hosted.ap.org ...
State pensions
State salaries
Free medical
And has NOTHING left for what you think a state should spend money on:
Roads
Snow removal
Bridge building
Parks
Utilities
Safety
Crime prevention
Natural disaster help
Education
Parks
Museums
Business compliance
Environmental enforcement
etc.
A democrat utopia.
Lord help you if you own a house or business there.
The insurmountable problem redistributionists face is that everything they wish to redistribute is produced by capitalism, which they hate and want to destroy.
When they finally succeed in destroying capitalism, they are dumbfounded when they immediately run out of things to redistribute.
No federal bailouts of Democrat run insane asylums.
Not Illinois, not California, not New York, not Puerto Rico.
CALIFORNIA! Just like Illinois but with more people!
Illinois is a perfect example of State controlled for decades by a Corrupt Democrat Machine.
I think the only Republican to hold office in the entire state of Illinois is the governor. So this is probably his fault.
Coming soon to Connecticut thanks to our village idiot also called governor.
Excellent post, but you left out the State Childhood Indoctrination System in your first list.
what will happen then?.....everyone talks about possible bankruptcy but what will that entail?
I actually can not believe another State beat us to Bankruptcy. Maybe Moonbeam can help out and give some words od encouragement to the legislature to avoid no longer being number one in financial bankruptcy and moral depravity.
But the state spends money on all that other stuff, plus more you didn’t mention (like welfare). Because they can - states have an unlimited piggy-bank. They don’t have piece of paper called a budget, is all, which put some constraints on things they can spend on and when, i.e. road construction is coming to an end soon if a budget isn’t passed.
Mere technicalities to Mike Madigan and John Cullerson.
Pension? What pension?
States are not allowed to go bankrupt.
All they can do is default.
The tears will be delicious.
states have an unlimited piggy-bank???
++++
I throw the BS flag.
They can’t print money.
And eventually, no one will buy their debt.
And taxes can only be raised so high until people pull a Detroit.
Is this the real reason that Zero didn’t move back to his home State, and Chicago???
I never did believe the story about his daughter’s school, but I do believe the story of him living where he does to ‘ghost run the secret government’...
With that many deaths on a weekend, they are only over done by Baltimore, Maryland now...wonder if Maryland will go this way soon???
psssst. Illinois doesn’t tax retirement income.
If they troll this thread, they soon will.
In 1837, Michigan, Pennsylvania, Florida, Mississippi, Arkansas, Indiana, Illinois, Maryland and Louisiana defaulted on their debt around the same time. Several, including Michigan, repudiated – or failed to pay back – at least a portion of their debt.
The states that defaulted or repudiated, like Michigan, ended up imposing strict constitutional amendments to limit the amount of debt they could issue. Michigan ended up banning any pledge of its credit to a private corporation seeking to borrow under its aegis and also outlawed the purchase by the state of any private company’s stock – practices that had previously been common among U.S. states.
As a result, Michigan’s bonds ended up trading at higher prices in the 1860s, after European investors returned to the U.S. bond market, than those of states that didn’t impose such limits.
Just raise taxes, and build a wall to prevent people from leaving.
Boeing should have moved to Texas, rather than Chicagoland.
Could Illinois sell parts of its land to an adjacent state to be incorporated into that state? This would reduce the size of Illinois and adding to the size of that adjacent states?
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