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The financial collapse of Illinois is accelerating
American Thinker ^
| 10/10/2017
| Thomas Lifson
Posted on 10/10/2017 11:47:54 AM PDT by SeekAndFind
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To: blueunicorn6
White stuff is falling from the sky! Would that be from the 4th Floor of the Richard J. Daley building downtown??
41
posted on
10/10/2017 1:02:27 PM PDT
by
usconservative
(When The Ballot Box No Longer Counts, The Ammunition Box Does. (What's In Your Ammo Box?))
To: JeanLM
Just saying - Republicans are blamed for everything so the Republican governor of Illinois will be blamed even though Democrats have been ruining the state. YES I KNOW THE GOVERNOR OF ILLINOIS IS A REPUBLICAN.
42
posted on
10/10/2017 1:06:23 PM PDT
by
SkyDancer
( ~ Just Consider Me A Random Fact Generator ~)
To: SeekAndFind
It will and he’ll be blamed.
43
posted on
10/10/2017 1:07:01 PM PDT
by
SkyDancer
( ~ Just Consider Me A Random Fact Generator ~)
To: SeekAndFind
Too bad Illinois can’t order up a hurricane.
44
posted on
10/10/2017 1:23:35 PM PDT
by
blackdog
To: Mariner
You are substantially overstating California's fiscal condition: "On the basis of its fiscal solvency in five separate categories, California ranks 43rd among the US states for its fiscal health. Californias performance across several categories is weak. The state has between 75 percent and 154 percent of the cash needed to cover short-term obligations; this is far lower than the average in the states. Californias budgetary solvency is much stronger. Revenues exceed spending by 6 percent, and net position improved by $403 per capita. On a long-run basis, Californias net asset ratio of −0.62 indicates the state is reliant on debt to finance its operations. Long-term liabilities are 93 percent of total assets. On a guaranteed-to-be-paid basis, unfunded pension obligations and OPEB are 48 percent of state personal income." XXXXXXXXXXXXXX The difference today between CA and IL is the fact that CA's economy is twice as healthy as IL's percentage-wise. If CA's economy goes South, CA will go broke in short order. I live in CA and I can tell you that our government is turning over rocks everywhere trying to "enhance" revenues. But it won't work because they've sold out to the PE unions and so needed haircuts will never occur.
45
posted on
10/10/2017 1:47:37 PM PDT
by
vette6387
(LOCK HER UP! COMEY TOO.)
To: SeekAndFind
Retirement income is not taxed in Illinois. I look for them to change that any day now.
46
posted on
10/10/2017 2:06:16 PM PDT
by
Graybeard58
(The Lord hath made all things for himself: yea, even the wicked for the day of evil.)
To: Freedumb
47
posted on
10/10/2017 2:14:23 PM PDT
by
qaz123
To: vette6387
I was referring specifically and exclusively to the wealth of the STATE, not the state government’s fiscal health.
I even said they still have a great deal of ability to raise new taxes against this enormous state economy.
48
posted on
10/10/2017 2:38:08 PM PDT
by
Mariner
(Pink Pussy Hats for the NFL)
To: SeekAndFind
49
posted on
10/10/2017 3:05:19 PM PDT
by
upchuck
(Looking for a new/different job? Try Genealogy. You can't get fired and you can't quit!)
To: Mariner
True! Still CA is separated from IL only by it’s relatively strong economy. When and if that falters, and past has shown that it does from time to time, CA will default just like IL is preparing to do as this is being written.
50
posted on
10/10/2017 3:26:48 PM PDT
by
vette6387
(LOCK HER UP! COMEY TOO.)
To: Graybeard58
Retirement income is not taxed in Illinois. I look for them to change that any day now.Not as long at the Dems control their legislature. I'm wondiering if all the Illinois state retirees know that their pensions are not covered by the Federal Pension Guarenty Fund.
51
posted on
10/10/2017 3:46:48 PM PDT
by
aimhigh
(1 John 3:23)
To: morphing libertarian
The real bomb that will go off is Cali's public employee pensions....Brown and his two predecessors ignored it.....Davis contributed to it by increasing the formula raising pension payouts.
CALI FIREMAN POCKETS ANNUAL MILLION DOLLAR PENSION A Los Angeles fireman retired in his 50s with a pension of over 1 million dollars per year with lifetime medical benefits.
Job Title: Assistant Chief---Retired 2010---Years service 32
Rec'd from L/A Fire and Police Employees Pension Fund 2015: $1,164,022.65 annual
Lifetime Health Benefits $17,286.69 annual
(Excerpt) Read more at breitbart.com ...
52
posted on
10/10/2017 5:15:53 PM PDT
by
Liz
(Four boxes to defend liberty: soap, ballot, jury and ammo; used in that order.)
To: Liz
3% of your highest year X years of service. Assume the last year, they sent him on all fires as commander. He racks up the hours and makes his highest salary. he’s been in 30 years and that’s 90%.
To: M Kehoe
Thanks for the link.
I got out in time !
Leni
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