The Amateur Message Boards of the World Famous VoyeurWeb

SPRINGFIELD, Ill. — Illinois taxpayers realize the state is buried in debt.

Illinois’ worst-in-the-nation pension systems alone owe at least $130 billion, but now comes a new warning about the high cost of simply managing that debt.

In her latest fiscal report, Illinois Comptroller Judy Baar Topinka warns that Illinois will see billion dollar payments in interest on the state’s exploding debt.

“(Last year) Illinois spent $1.45 billion on its general obligation bonds’ interest alone,” Topinka wrote in the December Fiscal Focus report. “Every dollar spent on interest is a dollar not spent on some other pressing need.”
- See more at: http://watchdog.org/122841/illinois-tax ... CVD0Q.dpuf" onclick="window.open(this.href);return false;

Illinois is among the worst offenders. The Land of Lincoln is in the top five when it comes to debt per capita ($25,959), debt in relation to state spending (727 percent) and unfunded pension liability ($254 billion). - See more at: http://watchdog.org/122841/illinois-tax ... CVD0Q.dpuf" onclick="window.open(this.href);return false;
http://watchdog.org/122841/illinois-tax ... nage-debt/" onclick="window.open(this.href);return false;
This is all from state union pensions over loading the system.

If you buy a lotto ticket in Illinois, good luck in collecting it if you win.
A lottery that doesn’t pay its winners and other tales of financially incompetent U.S. states
anyone who won prizes worth more than $600 wouldn't get paid until the legislature and governor passed a budget, something it hasn't been able to do for months. The state has been issuing IOUs to winners of prizes worth more than $25,000 since August, with the Comptroller's office arguing that it wasn't legally allowed to make payments without a budget. Since it's not usually kosher to sell tickets for a lottery that you're unable to pay promised prizes for, aggrieved winners have brought the state government to federal court, hoping to make them pay, or at least stop selling tickets in the meantime.
http://fortune.com/2015/10/16/illinois- ... e-budgets/" onclick="window.open(this.href);return false;

Way to go unions

Unions made the middle class.

Unions made the middle class

Most big unions are nothing but mafia thugs enriching the leaders and using workers to do their dirty work of extortion. Illinois is a prime example of union thugs milking a State dry. Supply and demand made the middle class, those willing to work hard broke into the middle class are even more, those who felt it was easier to just skate by, never made it there. Let's see how a union ran State like Illinois handles this (hint demand handouts)

If you look at a case like Lochner v NY, there was once a time when you could make the argument that labor conditions were such that unions were needed.

Then they evolved into the modern era, with bloated unions and General Motors being mocked by its own union employees as "Generous Motors" with tons of benefits.

You can see in Illinois the budgetary mess created by union entitlement.

In the same vein, you can argue that a little socialism can remedy the harshness of capitalism, but then it goes into a socialist mess like Sweden.

That little Facebook twerp Zuckerberg has argued for a univeral basic income, but that would destroy the incentive to work for most people.

That little Facebook twerp Zuckerberg has argued for a univeral basic income, but that would destroy the incentive to work for most people.

Not to mention shut down thousands of business sending unemployment sky high.

I heard this AM that 100% of the tax revenue received by the State of Illinois will be required to service the pension burden that the state is now adjudicated to continue paying.
There would be no money for anything else. 100% on the pension burden alone.

That is mind boggling.

tvd wrote:I heard this AM that 100% of the tax revenue received by the State of Illinois will be required to service the pension burden that the state is now adjudicated to continue paying.
There would be no money for anything else. 100% on the pension burden alone.

That is mind boggling.

You would be correct. Im surprised Clownlicker isnt in here defending unions. Hes a union hack himself

Got Gold?

So the markets go down 1.5%, but your gold went up .17%?

Tool, I hate to tell you, you're still WAY behind for the day. :lol:

Clown are you one of Gore's quoted climate scientists?

Tool, you really need to learn to read your own charts. It's right there under your nose. :lol:

Post.
Will the silly ass loser respond?

Tool, you really need to learn to read your own charts. It's right there under your nose.

Yep, gold out performed the market.

Clownkicker wrote:So the markets go down 1.5%, but your gold went up .17%?

Tool, I hate to tell you, you're still WAY behind for the day. :lol:

Typical of Clown the union slug who ignores the subject. Knowing its true that unions are sinking Illinois. fuck the ppl right Asslicker as long as you get whats yours

Neither of you knuckle draggers understand why we are laughing at your ignorance. Those decimal points can be a real bitch sometimes.

Neither of you knuckle draggers understand why we are laughing at your ignorance. Those decimal points can be a real bitch sometimes.

Well Dog, we know you weren't a math teacher.

Study hall or playground monitor is about as far as Dogshit made it.

That 0.17% increase in gold makes Justme feel rich?

BTW...how's that Fluor doing?

LMFAO!