Posted on 06/21/2017 3:42:57 PM PDT by Zakeet
Illinois Blue Cross hasn’t been paid in over two years yet they continue to pay claims. Illinois is still deducting premiums from the paychecks of State employees.
Don’t ask me how I know this, but I do.
L
I’d never buy a lottery ticket in Illinois, I already have enough IOU’s in my life! LOL!
Simple solution to at least part of that: repeal all state laws continuing appropriations.
Trying to Care. Failing miserably.
Wait! That might be some caring?
Nope. Gas.
If that happens, there is a chance Illinois will no longer be a state and revert back to Federal territorial status, because a bankruptcy will result in the dissolution of state government.
Exactly. Everyone is expecting the bailout. They’re setting the stage for it now.
I don't see how that could happen -- you see the federal government is a creation of the several states, so even if a state were to cease to exist, it simply doesn't "turn over" to the federal government. Besides all that, the properties which the federal government can own are pretty limited, as Judge Napolitano observed during the Nevada standoff, as per the Constitution:
To exercise exclusive Legislation in all Cases whatsoever, over such District (not exceeding ten Miles square) as may, by Cession of particular States, and the Acceptance of Congress, become the Seat of the Government of the United States, and to exercise like Authority over all Places purchased by the Consent of the Legislature of the State in which the Same shall be, for the Erection of Forts, Magazines, Arsenals, dock-Yards, and other needful Buildings;—So that's:
But if a Democrat were running the state, there would be mass confiscation of private funds either in new taxes and fees, or outright thievery. Smart people would get out of Illinois pronto!
Peanuts, CAL long term -200 billion in public pensions spending 20 billion a year on services to illegals.
What’s next - pleas for immediate tax increase or Federal bailout, or both?
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Illinois does not tax retirement income. I suspect that will be next or high up on the list.
Noticed their biggest debts have to do with HEALTHCARE.
Obamacare: bankrupting one state at a time.
A rational and educated person would stop digging.
They are going to buy a bunch of backhoes.
They could sell the State Lottery to the Chinese for maybe $42 billion, keep the doors open another 7 months.
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