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So Hitler, Stalin, etc. were not responsible for the plight of the millions that they slaughtered?
They were collectivists.
They advocated subjucating the individual to benefit the collective society. That is NOT right-wing ideology.
The word "fascism" includes fascis as its root. The meaning is "bundle" and it is used to represent collective power. Collectivism. Fascism. Left-wing at the very roots.
Absolutely not. Not a single dollar. They have been sewing this story for decade(s). They have pension recipients set to receive lifetime payouts of $10m. Illinois, Chicago, etc at the moment are ponzu schemes and racking up the bills with the intention of passing them to someone else.
The police pension fund should be depleted by 2021.
They're even eliminating some of the lottery games.
I don't understand why they just don't double a property tax that would fix everything.
Oh, HELL no!!!!!!
I'm already paying over $19,000/year on my Illinois home. Most of it goes to the school district, but note all the pensions I'm funding. And $1,000/year for a library? It isn't even that big:
The Illinois legislature had an opportunity to address their deficit and instead they buried their heads in the sand and ignored the pension problems and raised taxes. This one belongs to Illinois and the voters who elected these fools.
The adults in Pennsylvania just addressed their pension problem Illinois did not.
You sure? It might trigger a massive move out of Illinois which would have the effect of accelerating the inevitable.
So this does beg the question...is Illinois salvageable?
It's just about too late for the "massive move" -- they should have left a couple of years ago.
The handwriting has been on the wall for a lot of years. It was just a matter of time.
I'm from Illinois. If we're bailed out then (nearly) everyone in government here should be canned. Actually, they should be canned regardless of what happens.
John Kass (I call him Jack) of the Chicago Tribune wrote a funny article about chopping it up and giving it away to various states. Where I live, we'd be incorporated into Wisconsin, for example.
I'm sure that would thrill my neighbor to the north, AminWI.
Bills pile up; Moody's Investor Service says taxpayers are on the hook for $251 billion in unfunded public union pension liabilities.
Sadly, Wisconsin probably won't want Rahm, either. So to spare hurt feelings, I propose carving out 40 acres around the mayor's home so Rahm might be prince of his own country: Rahmonia.
And Cook County Board President Toni "Taxwinkle" Preckwinkle will fight it, too, so she needs something to soothe her ambitions: A grant of land as large as a case of the soda pop she taxes, so that she might stand on it and proclaim herself Queen of Taxwinkletopia.
If there are portions of Illinois that the other states don't want, they may be left as federal territory, a wilderness where only the strong survive and peasants and friendly propagandists kneel and beg for crumbs. You already know the name of this wasteland: Madiganistan.
I doubt you will hear of a better plan than the Dissolution Plan.
There's no doubt that Illinois is going to default on their financial obligations. Should the US taxpayers set a precedent to bail out states that have acted irrresponsibly to cause them to default on their financial obligations?
No, since a bailout would only serve to increase fiscal irresponsibility in the several States.
Quote:
Originally Posted by Travel Crazy
No, Illinois should serve as the poster child for what happens when a state behaves irresponsibly and is reckless with taxpayer money.
Yes, it should. I can't think of a better way to scare States straight into fiscal responsibility.
Tall Traveler, didn't you live in IL for a short period of time? If so, I'm assuming it was pre-financial mess?
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It might trigger a massive move out of Illinois which would have the effect of accelerating the inevitable. 
