Because it looks REALLY REALLY BAD for Democrats.
With a hundreds of billions of dollars shortfall in pensions and other items as reported on Fox, Illinois is far worse off than Puerto Rico, Greece, others, and maybe even Venezuela.
I read today that Madigan and his cohorts have a budget that they will release today. Of course it calls for a tax increase and of course they have run out the clock to Gov. Rauner will be forced to choose between it and a bigger state shutdown. He’s already said that “revenue increases” are needed to it’s really a game at this point.
Illinois is doomed thanks to the idiots putting paying pensions in the state constitution. It leaves them no way out.
I agree. I get so tired of hearing idiots like Obama stating that "the rich don't pay their fair share". True, they don't...they pay far too much. The top 10% of income earners in the US (2015) paid about 71% of total Federal income tax collections. Further, the hypocritical politicians who are chanting this montra are the idiots who wrote the tax code! They put those loop holes in the Code so the rich would give them political contributions.
Like it or not, it is the rich who drive this economic engine and provide the capital that creates jobs. How many of you were hired by a poor person?
The solution? Throw the IRS Code in the crapper and pass a flat 15% tax on income. No deductions, no income exemptions. I don't care if you only make $1000/year, $150 goes to the federal gov't. If you live totally off the largess of the gov't, no problem, but you can't vote in Federal elections. Same for state and local taxes and voting. After all, nothing in the game, why should you have a voice?
The rich are not the bad guy here. It's the politicians and us stupid people who continually re-elect them. (And, no, I'm not rich.)
Jerry Brown's answer? Raise taxes even higher.
Yeah, that'll work:
April, 2017:
Gov. Brown signs bill raising gas tax and vehicle fees by $5.2 billion
The money is supposed to pay for "bridges and roads" but it has never worked out that way in the past, the money will go to pay for California's enormous welfare population and unfunded pension liabilities.
They temporarily raised taxes under Pat Quinn and most Illinoisans were ok with it as long as they used the money to start digging us out of this hole. Guess what, Quin and Madigan didn’t pay off a dime of debt and just pi$$ed the extra money down their special interest rabbit holes. Now Rauner has pledged not to raise taxes and Madigan has in essence shut down the state until the next election. I so hope Rauner is reelected just to pi$$ Madigan off. One can hope.
Good morning ping.
5.56mm
Bankruptcy is a good thing. Let’s hope Illinois and many other governments experience it - soon.
In fact, its the ONLY thing that will slow down the social-engineering, highly political leftist nanny-state.
Illinois the California east.
Could we support Illicit?