Anyone else concerned about the illinois budget standoff? (Rio, Time: purchase, bankrupt)

[CGab]

Rauner has these commercials out stating that Illinois residents deserve better and he is the one to get things done and make the change; however, I haven't seen much progress from him on his current term! I do agree that Madigan is in his way!!


BTW, yes I live in NW Indiana, but we work in Illinois, have relatives and friends there as well so I watch what happens there closely!

[MSchemist80]

Originally Posted by CGab

Rauner has these commercials out stating that Illinois residents deserve better and he is the one to get things done and make the change; however, I haven't seen much progress from him on his current term! I do agree that Madigan is in his way!!


BTW, yes I live in NW Indiana, but we work in Illinois, have relatives and friends there as well so I watch what happens there closely!

It isn't just Madigan. The Dems as a whole like typical leftists think that the only problem is they don't get enough tax dollars from residents and that the people should serve the govt rather than vice versa.

Until the people of Illinois toss those scum out on their @ss nothing will change. The election is simply a choice between gridlock and huge tax increases and more of the same with no reforms.

[Liledgy]

Originally Posted by MSchemist80

I'd rather have another 1.5 years of him standing as a roadblock to Madigan and the Dems rather than rolling over and letting them continue to give it in the rear to Illinois residents. I'll be voting for Rauner and straight Republican in every election. The Democrats have my utter contempt.

Which has added 30 billion in additional debt.

[CGab]

Democratic Senate just passed huge tax hike, including income tax rate from 3.75 to 4.95! Rauner is expected to veto it.



https://www.usnews.com/news/best-sta...is-senate-vote

[MSchemist80]

Originally Posted by Liledgy

Which has added 30 billion in additional debt.

Rauner didn't add it. The Dummycraps who gave out the crazy pensions and didn't fund the pensions and let their pals rob it created the problem.

[flamadiddle]

Originally Posted by CGab

Democratic Senate just passed huge tax hike, including income tax rate from 3.75 to 4.95! Rauner is expected to veto it.



https://www.usnews.com/news/best-sta...is-senate-vote

Exactly why he will be reelected! He's our roadblock of sanity!

[Liledgy]

Originally Posted by MSchemist80

Rauner didn't add it. The Dummycraps who gave out the crazy pensions and didn't fund the pensions and let their pals rob it created the problem.

It probably would be down around 90 billion if we had another governor (rep or dem), instead it's over 130 billion. Good job BRUCEY.

[chet everett]

Originally Posted by Liledgy

It probably would be down around 90 billion if we had another governor (rep or dem), instead it's over 130 billion. Good job BRUCEY.

Hey you claim to be an electrician, why not try explain how changing out the "master circuit breaker" trying to stay in a "normal" 200 Amp service of the Governor who can do little more than VETO the stupid spending proposals of the runaway Democrat Majority that are essentially insistent on sucking up 5OO Amp Loads of continued gold plated pensions reduce the deficit? Remember the LAST TIME there was a temporary income tax hike all that money was BLOWN on giveaways to insiders.

The "powerplants" of new investment that truly would ADD CAPACITY to the "revenue" of the state, like new nuclear plants, are driven away by fears that they'll end up so heavily taxed that firms choose not to make such plans.

And so to do the policies of Mike Madigan and John Cullerton that take care of THEMSELVES first, last, and always ensure that every other kind of employer HEADS TO INDIANA OR WISCONSIN as quick as they can secure a new site.

[Nodpete]

Can somebody explain to me why I keep hearing that the State is out of money ? They are still collecting every penny that they usually do, they just aren't paying bills. So how is it the States broke , the revenue is still coming in?

[chicagobear]

Originally Posted by Maintainschaos

But this is over the lifetime of retirement, which is not a traditional definition of a millionaire. These are also not representative of the state as a whole, and of course derive from calculations of the IPI, which is a far cry from non-partisan. In truth, the second table should read something to the effect of: "Average total benefits in retirement over 25-30 years." If you live, say, 25-30 years after retirement, your average "total" benefits for some will be as high as ~$82K per year in the best-case scenario (which is not all just salary, of course), or as low as ~$48K per year in the worst-case scenario.

This looks like the present value of the benefits, that is the amount you would need to have to generate those benefits over the rest of your life. Someone who has a pension worth $1.4 million certainly is a millionaire. Even people with good private sector jobs get a fraction of that.