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Posted: 6/17/2017 2:20:28 PM EDT
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.
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http://hosted.ap.org/dynamic/stories/A/APFN_US_ILLINOIS_PAYING_THE_BILLS?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2017-06-17-11-53-44

So, when does the system crash? Will there be plenty of popcorn?
Link Posted: 6/17/2017 2:22:22 PM EDT
People don't think math be like it is, but it do.
Link Posted: 6/17/2017 2:27:08 PM EDT
Perfectly illustrates the folly of nondiscretionary funding, especially with health care or other things that don't have a point at which they are "new" or "reposessable" for default.

But other states will ignore the warning, as always.
Link Posted: 6/17/2017 2:44:42 PM EDT
FDR and JFK were right-- public workers should never be allowed to unionize.

Dems plus unions equals racketeering.
Link Posted: 6/17/2017 2:54:48 PM EDT
If you ever win the lottery, always take the cash. a few years down the road, the state may decide that they can't afford to pay you and will easily have the public jealously on their side.
Link Posted: 6/17/2017 3:00:04 PM EDT
[Last Edit: 6/17/2017 3:01:04 PM EDT by P08]
I am hoping that the welfare rats and others who suck up money from this state move on to greener pastures. We should not be paying for 80% of the crap the Dems in this state pay for. That is what charities are for.

ETA: Why should my tax dollars pay for some poor person to get free dental care, free housing free.................................
Link Posted: 6/17/2017 3:03:05 PM EDT
At least the road construction will be stopped when I have to drive one end of that state to the other twice over the 4th holiday.  With luck the State troopers will be home also
Link Posted: 6/17/2017 3:03:38 PM EDT
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By P08:
I am hoping that the welfare rats and others who suck up money from this state move on to greener pastures. We should not be paying for 80% of the crap the Dems in this state pay for. That is what charities are for.

ETA: Why should my tax dollars pay for some poor person to get free dental care, free housing free.................................
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Guarantee you they will withhold paying PD's and firefighters so they can keep doling out the free shit.
Link Posted: 6/17/2017 3:06:42 PM EDT
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By P08:

<snipped>

ETA: Why should my tax dollars pay for some poor person to get free dental care, free housing free.................................
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How dare you! 

Boob jobs and Tranny surgery are basic human rights!  Especially for the less fortunate.
Link Posted: 6/17/2017 3:07:19 PM EDT
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By P08:
I am hoping that the welfare rats and others who suck up money from this state move on to greener pastures. We should not be paying for 80% of the crap the Dems in this state pay for. That is what charities are for.

ETA: Why should my tax dollars pay for some poor person to get free dental care, free housing free.................................
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But not to WI, thank you.
Link Posted: 6/17/2017 3:18:43 PM EDT
They are going to go crying to uncle sam and he better not bail them out.  The Dem's just ruin shit, so let them live with it.
Link Posted: 6/17/2017 3:20:10 PM EDT
More government spending and debt should fix that right up
Link Posted: 6/17/2017 3:27:40 PM EDT
They are financially screwed;
S&P, Moody's Downgrade Illinois to Near Junk, Lowest Ever for a U.S. State

They will be America's Greece, they will get bailout after bailout and never fix a thing.
Link Posted: 6/17/2017 3:34:41 PM EDT
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By Socio:
They are financially screwed;
S&P, Moody's Downgrade Illinois to Near Junk, Lowest Ever for a U.S. State

They will be America's Greece, they will get bailout after bailout and never fix a thing.
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If they get a bailout, it will just open the flood gates for all states.
Link Posted: 6/17/2017 3:38:26 PM EDT
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By VooDoo3dfx:


If they get a bailout, it will just open the flood gates for all states.
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I don't see bailouts under Trump. He has a pretty good understanding of bankruptcy as a strategic tool.
Link Posted: 6/17/2017 3:40:11 PM EDT
If they get a federal bailout then:

Trump needs to fire the governor and all state legislatures.

Run the state by appointees until solvent.

Start with new elections for every position in the state and all previous office holders are NOT eligible to run.

Also scrap all their stupid laws and bring them up to standard for a free state.


Make the price of stupidity steep.
Link Posted: 6/17/2017 3:44:03 PM EDT
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By BladedRonin:

Guarantee you they will withhold paying PD's and firefighters so they can keep doling out the free shit.
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and so they can screech to the taxpayers that "we must raise taxes, or else we'll cut Public Safety's funding!!"  Seen that game played before.
Link Posted: 6/17/2017 3:45:45 PM EDT
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By BladedRonin:



Guarantee you they will withhold paying PD's and firefighters so they can keep doling out the free shit.
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Easy answer, fireman and PD call and tell their bosses they don't work for free and won't be coming into work until they receive their check. Once society breaks down and chaos ensues I bet they get paid ASAP.
Link Posted: 6/17/2017 3:47:30 PM EDT
Eventually you run out of other people's money.
Link Posted: 6/17/2017 4:01:19 PM EDT
No problem. Just rewrite the state tax code so the 1% can pay their fair share and they will have a surplus they can use for inner-city educational and vocational training.
Link Posted: 6/17/2017 4:07:03 PM EDT
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By kc8flb:
If you ever win the lottery, always take the cash. a few years down the road, the state may decide that they can't afford to pay you and will easily have the public jealously on their side.
View Quote
Wait what?  You mean for the last couple years?

http://www.chicagotribune.com/news/ct-lottery-lawsuit-met-20150909-story.html

http://newzmagazine.com/2017/01/27/lottery-winners-go-claim-288m-winnings-state-refuses-pay/
Link Posted: 6/17/2017 4:08:50 PM EDT
It's an ugly state! A bug state!
Link Posted: 6/17/2017 4:09:37 PM EDT
I wonder how far behind California is.
Link Posted: 6/17/2017 4:11:42 PM EDT
Liberals running out of other people's money to spend.  Who'd of thought that???
Link Posted: 6/17/2017 4:16:04 PM EDT
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By Gspointer:
No problem. Just rewrite the state tax code so the 1% can pay their fair share and they will have a surplus they can use for inner-city educational and vocational training.
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Unfortunately, you could liquidate the 1% - take every penny and still be 95% short.  This is the fundamental intelligence problem of the voting  liberals.

Entitlements and stupid spending buy votes, votes equal power, power equals wealth.  What do we think liberal politicians want? - to run a balanced government or gain wealth?
Link Posted: 6/17/2017 4:37:19 PM EDT
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By maxima2:
If they get a federal bailout then:

Trump needs to fire the governor and all state legislatures.

Run the state by appointees until solvent.

Start with new elections for every position in the state and all previous office holders are NOT eligible to run.

Also scrap all their stupid laws and bring them up to standard for a free state.


Make the price of stupidity steep.
View Quote
Iike the cut of your jib. You have a near perfect plan.
Link Posted: 6/17/2017 5:32:12 PM EDT
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By maxima2:
If they get a federal bailout then:

Trump needs to fire the governor and all state legislatures.

Run the state by appointees until solvent.

Start with new elections for every position in the state and all previous office holders are NOT eligible to run.

Also scrap all their stupid laws and bring them up to standard for a free state.


Make the price of stupidity steep.
View Quote
I really like this idea.
Link Posted: 6/17/2017 5:34:35 PM EDT
[Last Edit: 6/17/2017 5:35:45 PM EDT by SDPDHunter22-250]
It is IMPOSSIBLE to pay all the bills that they have waiting to be paid.  .    

Illinois has the HIGHEST leaving the state numbers of all 50 states.  Losing a lot of TAXPAYERS to other states with less tax burden and more jobs.  

10% sales tax in Cook (CROOK) county.  They want to raise the state income tax again.

This is IMPOSSIBLE to fix...................................Democrats have controlled this state since I was born....More than 60 years.
Link Posted: 6/17/2017 5:42:25 PM EDT
Let them borrow cash from Puerto Rico. 
Link Posted: 6/17/2017 6:03:09 PM EDT
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By jerrwhy01:
People don't think math be like it is, but it do.
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FPNI

this can't be a surprise to anyone.  WSJ has been reporting on the situation for at least 10 years.  
Link Posted: 6/17/2017 6:09:03 PM EDT
Eventually they'll get to the point where they can either pay existing employees or the pensions but not both.  
Link Posted: 6/17/2017 6:13:55 PM EDT
I am Jacks complete lack of surprise. 
Link Posted: 6/17/2017 6:19:25 PM EDT
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By kc8flb:
If you ever win the lottery, always take the cash. a few years down the road, the state may decide that they can't afford to pay you and will easily have the public jealously on their side.
View Quote
Lottery already dumped Illinois because the have to pay the winners in IOUs.

Pretty soon they'll have to pay all their bills in the same fashion.

Link Posted: 6/17/2017 6:32:57 PM EDT
Link Posted: 6/17/2017 7:00:44 PM EDT
I believe government officials who can't run their government should be banned from further government "service."

If you're so bad at math and so bad at not caring about the future of the government you are "running" that you run it into the ground/bankrupt it then you should be allowed to do that kind of a job anymore.

McDonald's for all of them.  

Force them out to improve the chances for people with more sense and more fiscal responsibility.
Link Posted: 6/17/2017 7:21:34 PM EDT
The facts are they had the money to fund the pensions, which are the biggest burden. Yet the dems who have been in charge of the house and the senate for as long as I remember chose to spend the money on other things. Republican governors in the past went along with it so as to keep things running. They had a large tax increase that they let expire a few years ago. It was supposed to all go to paying down the debt. But as you can guess it didn't all go for it and the dems let it expire because they didn't want to be the "bad guys". They have a majority in both the house and senate, but won't do shit. Why? Because they want to be able to blame things on the republicans. I am not a big republican, but I now for straight party ticket due to the shit dems.
Link Posted: 6/17/2017 7:29:37 PM EDT
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By maxima2:
If they get a federal bailout then:

Trump needs to fire the governor and all state legislatures.

Run the state by appointees until solvent.

Start with new elections for every position in the state and all previous office holders are NOT eligible to run.

Also scrap all their stupid laws and bring them up to standard for a free state.


Make the price of stupidity steep.
View Quote
Current governor has his hands tied because of the house speaker who has been around for 30+ years has enough cronines to say how high when he says jump.
Link Posted: 6/17/2017 7:41:00 PM EDT
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By Geohans:
FDR and JFK were right-- public workers should never be allowed to unionize.
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FDR was opposed to them; JFK signed the first EO to allow federal employees collectively bargain.  Nixon signed another one when he was President.
Link Posted: 6/17/2017 7:42:37 PM EDT
My property tax bill rose to over 21,000. I have two more years until kids graduate HS. I sold my home and radically downsized- tax bill is still 4500, but we are in the same school district. Others I know are doing the same prior to exiting this fuckhole.

The 32 year old kid who took out a 740,000 mortgage to buy my place is going to get a shock when the Cook County Assessor updates the value of the home.

All of this to live in a town 19 minutes from downtown via Metra where armed robberies and car jackings  are becoming a regular occurrence.

Failed state- yep- I'm living the dream baby!
Link Posted: 6/17/2017 7:43:17 PM EDT
Well, just have Obama print a shit ton of fake money to keep everything afloat.

Oh, wait...
Link Posted: 6/17/2017 7:45:38 PM EDT
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By SDPDHunter22-250:
It is IMPOSSIBLE to pay all the bills that they have waiting to be paid.  .    

Illinois has the HIGHEST leaving the state numbers of all 50 states.  Losing a lot of TAXPAYERS to other states with less tax burden and more jobs.  

10% sales tax in Cook (CROOK) county.  They want to raise the state income tax again.

This is IMPOSSIBLE to fix...................................Democrats have controlled this state since I was born....More than 60 years.
View Quote
Not entirely accurate.  Governor's Thompson,  Edgar,  and Ryan were all republican.  And the legislature was majority republican until the 90s, iirc.

IL Republicans are almost as bad as the Democrats unfortunately.
Link Posted: 6/17/2017 7:45:39 PM EDT
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By SDPDHunter22-250:
It is IMPOSSIBLE to pay all the bills that they have waiting to be paid. .    

Illinois has the HIGHEST leaving the state numbers of all 50 states. Losing a lot of TAXPAYERS to other states with less tax burden and more jobs.
View Quote
In the other 'Illinois is going BK' thread, there were 2 responses from IL residents who said "I'm stuck here until I get my pension in x years".  They didn't seem to understand they're not going to get their pension.
Link Posted: 6/17/2017 7:48:04 PM EDT
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By raven:
In the other 'Illinois is going BK' thread, there were 2 responses from IL residents who said "I'm stuck here until I get my pension in x years".  They didn't seem to understand they're not going to get their pension.
View Quote View All Quotes
View All Quotes
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By raven:
Originally Posted By SDPDHunter22-250:
It is IMPOSSIBLE to pay all the bills that they have waiting to be paid. .    

Illinois has the HIGHEST leaving the state numbers of all 50 states. Losing a lot of TAXPAYERS to other states with less tax burden and more jobs.
In the other 'Illinois is going BK' thread, there were 2 responses from IL residents who said "I'm stuck here until I get my pension in x years".  They didn't seem to understand they're not going to get their pension.
Those morons actually think the Illinois Supreme Court ruling can abrogate math. Seriously- that's the mindset of our "public servants".
Link Posted: 6/17/2017 7:57:51 PM EDT
[Last Edit: 6/17/2017 7:58:32 PM EDT by PerfectTommy]
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By raven:
In the other 'Illinois is going BK' thread, there were 2 responses from IL residents who said "I'm stuck here until I get my pension in x years".  They didn't seem to understand they're not going to get their pension.
View Quote
Maybe they have a pension coming from a private company, like UPS or something.  If they think the state will be paying up, that is a pretty big crap shoot.  But if the average pension is worth 2 million (as one of the charts estimated) in lifetime payouts maybe it is a worthwhile crapshoot.
Link Posted: 6/17/2017 8:04:52 PM EDT
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By Goonpup:
Those morons actually think the Illinois Supreme Court ruling can abrogate math. Seriously- that's the mindset of our "public servants".
View Quote View All Quotes
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Discussion ForumsJump to Quoted PostQuote History
Originally Posted By Goonpup:
Originally Posted By raven:
Originally Posted By SDPDHunter22-250:
It is IMPOSSIBLE to pay all the bills that they have waiting to be paid. .    

Illinois has the HIGHEST leaving the state numbers of all 50 states. Losing a lot of TAXPAYERS to other states with less tax burden and more jobs.
In the other 'Illinois is going BK' thread, there were 2 responses from IL residents who said "I'm stuck here until I get my pension in x years".  They didn't seem to understand they're not going to get their pension.
Those morons actually think the Illinois Supreme Court ruling can abrogate math. Seriously- that's the mindset of our "public servants".
Approximately half of the registered voters in the United States seem to believe that legislation can alter various fundamental laws of economics, and they will get quite violent with you if you attempt to educate them on this point.
Link Posted: 6/17/2017 8:07:08 PM EDT
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By raven:
In the other 'Illinois is going BK' thread, there were 2 responses from IL residents who said "I'm stuck here until I get my pension in x years".  They didn't seem to understand they're not going to get their pension.
View Quote View All Quotes
View All Quotes
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By raven:
Originally Posted By SDPDHunter22-250:
It is IMPOSSIBLE to pay all the bills that they have waiting to be paid. .    

Illinois has the HIGHEST leaving the state numbers of all 50 states. Losing a lot of TAXPAYERS to other states with less tax burden and more jobs.
In the other 'Illinois is going BK' thread, there were 2 responses from IL residents who said "I'm stuck here until I get my pension in x years".  They didn't seem to understand they're not going to get their pension.
You didn't seem to understand they weren't state employees.
Link Posted: 6/17/2017 8:10:09 PM EDT
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By SPECTRE:
Eventually you run out of other people's money.
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Yes indeed!
Link Posted: 6/17/2017 8:19:41 PM EDT
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By jerrwhy01:
People don't think math be like it is, but it do.
View Quote
FPNI, math is going to math!
Ray Charles should be able to see what's coming, they can only manipulate the numbers for so long.
Link Posted: 6/17/2017 8:27:36 PM EDT
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By Goonpup:
My property tax bill rose to over 21,000. I have two more years until kids graduate HS. I sold my home and radically downsized- tax bill is still 4500, but we are in the same school district. Others I know are doing the same prior to exiting this fuckhole.

The 32 year old kid who took out a 740,000 mortgage to buy my place is going to get a shock when the Cook County Assessor updates the value of the home.

All of this to live in a town 19 minutes from downtown via Metra where armed robberies and car jackings  are becoming a regular occurrence.

Failed state- yep- I'm living the dream baby!
View Quote
Park Ridge??

It is nice though...
Link Posted: 6/17/2017 8:30:59 PM EDT
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By jerrwhy01:
People don't think math be like it is, but it do.
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I can't believe that something that sounds as dumb as that could be so spot on.
Link Posted: 6/17/2017 8:34:30 PM EDT
Welcome to Democrat Math, where money is not real.
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