Mitch Daniels would have made a good POTUS but I don’t think he could take on the Rats like Trump does.
The major problem for Illinois is that the state constitution requires no reduction in state employee pensions, AND the state income tax does not apply to retirement money . Double whammus ala-t-bamus.
I am of the opinion that a conservative congress should get ahead of this by prohibiting future attempts to saddle other states with their debts via transference - cause you know the libs are going to try it.
“Taxpayers in these BLUE states are about to be destroyed thanks to massive debt”
Those Blue State taxpayers will soon be your neighbor, but hey at least they are tax payers and not tax consumers. (yet).
The Blue debt states will be looking for federal bailouts the minute they get another democrat president and congressional majorities.
They will have no compunction at all about forcing taxpayers in red states to pay the cost of their financial salvation.
Four words — Interest on the Debt.
If you have talent and want the rich lifestyle, then you go into the private sector and make lots of money.
If you don’t have talent and want the rich lifestyle, then you become a Democrat and steal money through government.
I’m out in late September.
Everyone has known for DECADES that these pensions were a corrupt bargain between the elected politicos and the unions who worked to put them in office. The costs of the salaries and pensions were off-loaded from the current budgets via delayed funding through bonds and other off-the-books methods. Now the money is due but there is nothing in the bank so their solution is to raise taxes and cut services. The limitation on the SALT (State and Local Taxes) in the new tax act just draws back the curtain a little earlier.
The Democrat party flipped to the left around 1970, They managed to come across as simply ‘liberal’ for a while, but by the time BHO took over the White House, they turned hard left. Let’s see how long that lasts. Or how long the party lasts.
A bit off topic but the above quote is pretty much what you hear everywhere as far as numbers are concerned.
Now I have absolutely no disagreement with statements that Illinois is the most corrupt government in America. But using the above numbers, I find it almost impossible to see how Illinois can be accused of being in the worst financial shape in the country.
Illinois is bad, no question, but the Land of Lincoln is a rank amature among these other blue state for financial stupidity.
Technically speaking, over-promised state pensions approved by Democrats are not a case of taxation without representation imo.
The problem is probably that blue state taxpayers have probably never been taught that they can work with their federal lawmakers who have the power to guarantee each state a republican form of government.
"Article IV, Section 4: The United States shall guarantee to every State in this Union a Republican Form of Government, and shall protect each of them against Invasion; and on Application of the Legislature, or of the Executive (when the Legislature cannot be convened) against domestic Violence."
H O W E V E R …
Since we're still stuck with a corrupt, post-17th Amendment ratification Congress left over from the lawless Obama Administration, blue state taxpayers must first work with patriots to elect a Congress that will do its job to guarantee each state a republican form of government.
Hard to believe that only 25 years ago Connecticut had no income tax.
Today they are barely treading water and will soon be bankrupt.
Connecticut went heavily into Socialism.
How could an editor actually miss this, if there actually was one?
BUMP
It is not just states, it is cities as well.
Democrat led cities also promised lavish pensions to their employees.
If you are living in one of these cities or states be on the lookout for a new place to live. They are coming for your money and they won’t take no for an answer.