Illinois: Kind of a Before and After


#1

Before:

After

I’m thinking bloated pension funds(public sector unions… you gotta love em) and other significant entitlements… what do ya think


#2

At this point, Illinois is experiencing conditions worst than the Great Depression. Illinois is running out of toilet paper and will stop all road construction in under two weeks. A once great state is finished thanks to left-wing terrorism.


#3

The natural result of corrupt government, regardless of party affiliation.


#4

True enough… I guess republicans just haven’t caught up in the number of state finance messes yet… Dems have just been at it longer… Dem legislator has been starring down the first time Republican govener for two years over a budget…


#5

Most states have a balanced budget requirement

Illinois meets their requirements by deferring payments to pension plans, issuing new debt and such


#6

Three states to avoid investing in Ill., NJ, and CA. All have stupendous pension liabilities, high taxes, and stupidly generous social mooch benefits. Everywhere the Democrats go, they pander, lie, cover up, then try to blame Republican greed and ‘underfunding’ for their failures.


#7

The weird thing about NJ is that there seems to be a good amount of Republicans in the state. Do they just not like putting up a fight? Probably a good question for @DollarInflation.


#8

Get rid of California, Oregon, Washington, Hawaii, New York, all of New England, New Jersey, and SE Pennsylvania. Make Illinois a US Protectorate until they get their shit together.


#9

Hey Illinois, how’s that Obama crony foreigner working out as Mayor of Shitcago? Illinois is the new Detroit, Democrat, corrupt, and broke. No taxpayer funds from our states should be going to keep the irresponsible, criminal Daley democrat communist state running. We have our own problems.


#10

Jun 17, 11:53 AM EDT

OFFICIAL WARNS ILLINOIS FINANCES IN 'MASSIVE CRISIS MODE’
BY SARA BURNETT
ASSOCIATED PRESS

CHICAGO (AP) – 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.

There would be no money left for so-called “discretionary” spending - a category that in Illinois includes school buses, domestic violence shelters and some ambulance services.


#11

When citizens refuse to PAY their bills services suffer for those that do . Corruption runs deep there .


#12

Illinois going broke. I wonder if Bernie Sanders will even notice? After all, this is the type of spending he advocates for.

If only these idiots had read David Copperfield, they might have known that overspending as a way of life ends badly.


#13

As this article points out… Illinois isn’t the only state that is in serious trouble and of course the number one reason… Unfund worker pensions… It asked the question… 'Do you know how many people in Illinois are living on a 6 figure retirement?.. Thousands.

As the article points to this one and asks: Can the West survive the next market crash? I don’t know, but we’ll soon find out. Unfunded pensions and unfunded entitlements look a lot alike…and kicking the can down the road for so long is finally coming to the end of the road…


#14

A solution?.. But who to hell wants Chicago…


#15

Illinois is bankrupt-it blocks immigration enforcement & refuses to comply with voter fraud investigations and will turn around and will ask for a bailout. I fear that Congress and Trump will give it to them. Make a stink.


#16

They have a bankruptcy option by law. They should be forced to use it. Sure, they won’t be able to borrow money for a while. Apparently that is for the best.


#17

Unfortunately under bankruptcy law the states pension liabilities may be transferred to the federal Gov’t.