Could Illinois be the first state to file bankruptcy?

[Peter1469]

Was it Bo 4 crowing about California having the 4th largest world economy?

Yes. They could have the largest economy in the world. That is not the issue. Debt is the issue. And the ability to repay it. For many states the trigger is state pension plans. They have been chronically underfunded and now the chickens have come home to roost.

The elderly will see their generous pensions resemble another flaccid social security scheme.

[NapRover]

If he was correct, end all taxes. Let the government print money at will.

Sure, let's have a real war on poverty, including mine!!

[Peter1469]

Sure, let's have a real war on poverty, including mine!!

If you are really in poverty, you might do relatively OK when we crash our economy through continued debt.

[Peter1469]

Sure, let's have a real war on poverty, including mine!!

If you think printing money is a solution that is a clue as to why you are poor.

[NapRover]

Yes. They could have the largest economy in the world. That is not the issue. Debt is the issue. And the ability to repay it. For many states the trigger is state pension plans. They have been chronically underfunded and now the chickens have come home to roost.

The elderly will see their generous pensions resemble another flaccid social security scheme.

The public sector unions hold us hostage, striking if they don't get their every whim. Politicians promise to endorse their demands in exchange for their vote.
Public sector unions should be done away with--they should get no more pay/benefits than the median private sector employee gets. The government demands bidding wars for capital projects, but seem ok with shoveling money to unions for votes. Corrupt!!

[Peter1469]

The public sector unions hold us hostage, striking if they don't get their every whim. Politicians promise to endorse their demands in exchange for their vote.
Public sector unions should be done away with--they should get no more pay/benefits than the median private sector employee gets. The government demands bidding wars for capital projects, but seem ok with shoveling money to unions for votes. Corrupt!!

Yes.

I say never to using federal tax dollars to bail Cali or any other state out.

That is unconstitutional.

[NapRover]

If you think printing money is a solution that is a clue as to why you are poor.

I really don't. I'm opposed to bailouts of any kind to anyone.

[Peter1469]

I really don't. I'm opposed to bailouts of any kind to anyone.

Spread the word brother. That is the best course for America.

[decedent]

If the Illinois exodus turns around, they should have a better tax base.

Was it Bo 4 crowing about California having the 4th largest world economy?

Relevance?

[Peter1469]

Relevance?

It is another state that may well declare bankruptcy.

lol

public schools were designed to create stupid citizens.