Unpaid bills for Illionois are $4.712 billion

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bfdd

Lifer
Feb 3, 2007
13,312
1
0
Can someone please explain to me again why we should want politicians to have more power?
 
glenn1

glenn1

Lifer
Sep 6, 2000
25,383
1,013
126
GeezerMan said:
Break out the IOUs
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Boo fucking hoo. Hopefully their creditors and suppliers cut them off, nothing short of that will ever impose any discipline on the politicians. Of course, Obama will probably bail them out, thus further enabling the politicians to continue on without accountability (for now).
 
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mizzou

Diamond Member
Jan 2, 2008
9,734
54
91
I'm glad I moved to missouri, LOL!!! who the hell would have thought MoDirty would be better off.... y
 
Schadenfroh

Schadenfroh

Elite Member
Mar 8, 2003
38,416
4
0
This is obviously due to The Rich dodging taxes and wealth flowing from blue to red states because of social welfare programs backed by blue states.
 
FallenHero

FallenHero

Diamond Member
Jan 2, 2006
5,659
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As a resident of this state, I am embarrassed. They bitch and moan about the pensions, about out of control programs, frivolous spending... but what do they do when they need to pass a balance budget, and cut spending, eliminate useless jobs and end stupid programs..."Eh, well just borrow money and ruin our credit further."
 
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cubby1223

Lifer
May 24, 2004
13,518
42
86
They still haven't paid me my tax refund I am owed...

And with all the budget shortfalls, many of the unions are on strike to make sure they're not a part of the massive cuts...
 
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ModestGamer

Banned
Jun 30, 2010
1,140
0
0
cubby1223 said:
They still haven't paid me my tax refund I am owed...

And with all the budget shortfalls, many of the unions are on strike to make sure they're not a part of the massive cuts...
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the unions and wallstreet are the reason for the costs being so high. The retiree benefit packages are fucking absurd.
 
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Double Trouble

Elite Member
Oct 9, 1999
9,270
103
106
And yet there are people who argue that it's all the fault of the republicans... *cough* Craig *cough*.

Crooked slime running ILL makes all the crooked slime in other states look like wonderful productive citizens by comparison.
 
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mrjminer

Platinum Member
Dec 2, 2005
2,739
16
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The good news is: they have saved some money by cutting teachers.

Seriously, though, what can be expected from a state with a wealth of corruption, massive administrative overhead in all areas, and a treasurer whose family bank had to get a bailout?

It's easy to make an uneducated claim like this:

ModestGamer said:
the unions and wallstreet are the reason for the costs being so high. The retiree benefit packages are fucking absurd.
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Blaming the unions is ridiculous. I'm not sure about other pension programs, but for teachers it's between 9.5%-10% gross salary contribution -- with no matching. The problems aren't the unions or the pensions or whatever problem you want to pass it off as: the problem is politicians spending money like morons instead of making wise decisions.
 
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ModestGamer

Banned
Jun 30, 2010
1,140
0
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mrjminer said:
The good news is: they have saved some money by cutting teachers.

Seriously, though, what can be expected from a state with a wealth of corruption, massive administrative overhead in all areas, and a treasurer whose family bank had to get a bailout?

It's easy to make an uneducated claim like this:



Blaming the unions is ridiculous. I'm not sure about other pension programs, but for teachers it's between 9.5%-10% gross salary contribution -- with no matching. The problems aren't the unions or the pensions or whatever problem you want to pass it off as: the problem is politicians spending money like morons instead of making wise decisions.
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No most teacher get 75% of their annual salary and one of the best fucking health care programs around. In alot of states. some are differnet.

Look into public sector unfunded liabilitys backed by wallstreet 401K plans and you can see why the fed bailed out the banks. to many communitys had to much invested in wallstreet to fund those retirement parachutes.
 
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mrjminer

Platinum Member
Dec 2, 2005
2,739
16
76
ModestGamer said:
No most teacher get 75% of their annual salary and one of the best fucking health care programs around. In alot of states. some are differnet.

Look into public sector unfunded liabilitys backed by wallstreet 401K plans and you can see why the fed bailed out the banks. to many communitys had to much invested in wallstreet to fund those retirement parachutes.
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That's about what teachers here get; IIRC it's 2/3 the average of the last 5 years of pay if you have at least 25 years in the system and are at least 55. Since most people start teaching when they're between 20-25, that's usually over 30 years of 10% of their salary every year. That is more than most people contribute to retirement after being matched by an employer.

Like you've pointed out, communities made poor investment decisions that lead to their financial woes. Guess who made those financial decisions? The politicians. Good financial decisions would result in the pension contributions yielding profits. Guess who gives exclusive contracts to companies to repeatedly fix the same roads every couple of years because they consistently do the job poorly? Fire educators making 30-50k a year and keeping administrators making 100k a year? The list is endless.
 
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cubby1223

Lifer
May 24, 2004
13,518
42
86
mrjminer said:
Blaming the unions is ridiculous. I'm not sure about other pension programs, but for teachers it's between 9.5%-10% gross salary contribution -- with no matching. The problems aren't the unions or the pensions or whatever problem you want to pass it off as: the problem is politicians spending money like morons instead of making wise decisions.
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And a big part of that is either public sector unions or unions who work contracts for the state. When they strike it's the politicians who cave and spend more money to keep their voting base secure, for after all it's not the politicians' money that's being spent.

We have our interstate highways all around Chicago torn up and in the middle of the projects the unions went on strike. What are the politicians going to do?

Much of the construction jobs for "stimulus" went towards constructions of school facilities and many of the projects are currently half complete and the workers are striking around the Chicagoland area. What are the politicians going to do? School year begins in a month & a half, they can't wait out a strike and not have a safe school for the first day of classes. It's bullshit what the unions are doing.

In each case the unions have been citing increased health care costs as the reason for the strikes... wait a minute, I thought the union supported Obamacare solved health care! What are they complaining about costs are going up??!!! Fucking deal with your pay like the rest of us have to do. Either that or now support a repeal of Obamacare all you parasitical union workers...
 
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OCGuy

Lifer
Jul 12, 2000
27,224
37
91
BoT said:
California doesn't look much better and many other states as well
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At least our CA governer ATTEMPTS to do something about it.

It isnt popular to cut programs or state employees, but holy sh*t it is time to do it.
 
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Acanthus

Lifer
Aug 28, 2001
19,915
2
76
ostif.org
Crooked article, a crapton of ILs assets were frozen during the whole Blago impeachment, including the entire department of education.

The IL govt. had to take out massive loans to keep everything operating.

Schools are still severely backlogged and i'm sure other govt agencies are as well.

Yell some more though. Remember, louder means you know what you're talking about.

(severe sarcasm, stop embarrassing yourselves)

http://accountability.illinois.gov/Expenditures/Agency/Default.aspx
 
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PokerGuy

Lifer
Jul 2, 2005
13,650
201
101
Acanthus said:
Crooked article, a crapton of ILs assets were frozen during the whole Blago impeachment, including the entire department of education.

The IL govt. had to take out massive loans to keep everything operating.

Schools are still severely backlogged and i'm sure other govt agencies are as well.

Yell some more though. Remember, louder means you know what you're talking about.

(severe sarcasm, stop embarrassing yourselves)

http://accountability.illinois.gov/Expenditures/Agency/Default.aspx
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LOL. Only a die-hard liberal partisan is too blind to see that the state has been run into the ground and is now essentially insolvent. The ONLY reason it can still get credit anywhere is that the lenders realize that when it comes down to it Obummer will pay off the IL debts, from one wasteful spender to another.
 
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