Illinois is going into its 10th month without a budget. Counties going back decades to collect debts: ‘Illinois is so broke, they’re having to track down people from the ’80s’ By Madeline Buckley. roastpork. Why Illinois is dead broke. Now it is roughly 300 days behind in its payments to vendors—despite having tried every accounting trick in the book to hide the red ink. Last month, both Moody's MCO and Standard & Poor's downgraded Illinois debt to just one notch above junk status. I have a suggestion. @cardsfan27 - One other thing to consider is that the state of Illinois still has many wild prairie grass areas still around. For example, if you stopped by your favorite gas station and bought a winning ticket (and your prize is $600 or less), you would simply give it to the cashier and get your payment out of the cash register. Thread starter Toby; Start date Apr 29, 2020; February Server Bill. We asked local reporters across the country to tell us what could be on the chopping block in your state. Why is Illinois broke? Education is feeling it the worst, from elementary school to university. Thanks in large part to the rapidly growing slice of state spending that goes to pensions, Illinois has gone ten years without a genuinely balanced budget, and the state was essentially broke even before the Great Recession hit. I just checked, it’s 2 months. Almost every business goes broke. Why Illinois Is Broke: 109,881 Public Employees With $100,000+ Paychecks Cost Taxpayers $14B Illinois could soon be the first state in history to have its bonds rated as “junk.” Last month, both Moody’s MCO and Standard & Poor’s downgraded Illinois debt to just one notch above junk status. Next Last. I got a similar email from my insurance. Teachers have to buy all of their own supplies, even down to paper to write on. Why Illinois Is Broke: 109,881 Public Employees With $100,000+ Paychecks Cost Taxpayers $14B. Just 6.9 percent of the private-sector workforce is in a labor union today. Sam Sparkes, RoadSnacks December 19, 2020 - 33,645 views . Pensions need to be cut in half. Reply. Illinois Tollway Booths Shut Down Amie Schaenzer 3/14/2020 A Black police officer in Florida was fired for using the N-word, but his police union wants him reinstated Share Followers 1. Moderator; Spin Master; Posts: 13306; Prince of Darkness; Liked: Likes Given: 2817; Why Illinois Is Broke: 109,881 Public Employees With $100,000+ Paychecks « on: April 29, 2020, 07:25:03 AM » Must login to see post! Stop asking yourself why am I broke and start fixing the issues before they make you poor. "Why Illinois is Broke: 109,881 Public Employees with $100,000+ Paychecks Cost Taxpayers $14B" | Zero Hedge Submitted by Adam Andrzejewski, originally published in Forbes,. TheAmerican. That's why the State of Illinois isn't broken. Tillman: Why Illinois is so broke. Illinois is a Democratic stronghold in presidential elections and one of the three largest Democratic states in the nation alongside California and New York.It is one of the most Democratic states in the nation with all state executive offices and both state legislative branches held by Democrats. Endless amounts of spending on the Public Sector is why Illinois is broke. 0. Henry Gaudet Date: February 11, 2021 Prior to entering politics, Lincoln was a lawyer who was based in Springfield, Illinois.. Why Illinois is Going Broke. Why Illinois Is Broke: 109,881 Public Employees With $100,000+ Paychecks Cost Taxpayers $14B. Goal $293.00 Received $250.00 Latest donor P Pedalpumper. DRR S/Pro: posted . 1 of 2 Go to page. Why Illinois Is Broke: 109,881 Public Employees With $100,000+ Paychecks Cost Taxpayers $14B. making 97,000.....way to much. Just recently there was an article in the Daily Southtown by Robert J. Samuelson, a Columnist for the Washington Post, blaming the elderly for squeezing the rest of us, but here in Illinois, it is obvious to me, that the burden falls on the Public Sector not the elderly. if you make a donation of 5 dollars or more and want Premium Membership for a month, Send Jeff a PM and I will add you as a Thank You for supporting the site. COMPTROLLER MENDOZA REACHES OUT TO STATE LEADERSHIP As Illinois’ Chief … Why Illinois Is Broke: 109,881 Public Employees With $100,000+ Paychecks Cost Taxpayers $14B by admin. The next thing why is illinois so broke Not everone is as lucky as you are, informations Illinois IL plianceWiki illinois dhs authorized representative Illinois IL plianceWiki New Laws 2017 Illinois laws that take effect January 1 Illinois IL plianceWiki appointment of authorized representative and consent for release of medical records illinois department of insurance this form is. … Go. The Public Sector are the ones squeezing us. TheAmerican. The challenge is not to fix Illinois, but to un-fix Illinois. mark April 14, 2020 At 19:43. Financial . Posted June 21, 2017. 9 of 10 in the first five years, and plenty of those that have been around for awhile, why should any type of entity be spared from what is the defining characteristic of the system. titans62 May 14, 2012 . Political Issues. 1. Can anyone question (well yes, a liberal would, just keep printing money, after all you can't run out of money if you keep printing right) that the same day of reckoning will befall a federal government $21 Trillion in debt and growing unabated? We used science and data to determine which places in Illinois are basically dead broke. Don’t freak out we updated this article for 2021. Why is Illinois broke? Why Illinois Is Broke A collection of articles from statewide publications and beyond that detail the myriad ways in which Illinois spends money. Some states face record-breaking deficits because of the coronavirus pandemic. By TheAmerican, June 21, 2017 in No Holds Barred Political Forum. The nearest branch of my bank is three looooong cross-town blocks away, which is a lot of blocks when it’s cold and icy or raining. The next bigger domino after Detroit is ready to fall. Illinois was considered a western state and people explored not knowing what they would find. State taxpayers bear the burden of more than $200 billion in unfunded government retirement costs. Join RoadSnacks Share on Facebook. It’s running a deficit of $6 billion, and its pension liability has soared to $130 billion. Reply Delete. It's Fixed! Public schools in rural areas typically get the majority of their funding from the state. You’re Lazy. Editor’s Note: This article is an opinion based on facts and is meant as infotainment. Illinois has compiled $14.6 billion in unpaid bills. I hate having to use cash, but there a few things that you must have it for. The "Land of Lincoln" is the nickname and official state slogan of Illinois, a reference to United States President Abraham Lincoln’s early political career there. According to the group “Illinois is Broke,” over the last 15 years 50 percent of the TRS unfunded liability is the result of underfunding by state government, 25 percent from pension bond costs and miscellaneous items, 21 percent from unrealized investment profits and … 5 comments: Anonymous 2/22/2019. Abraham Lincoln first served in the Illinois General Assembly beginning in 1834. The lottery would then reimburse the retailer. Tuesday, November 22nd, 2011 10:00 PM. Why is Illinois broke? Why Illinois is dead broke at February 21, 2019. Hypocrisy is everywhere in politics, but three of Illinois’ self-styled progressives are going for broke. So why this obsession with what is the defining feature of the system. Illinois is like Venezuela now, a fiscally broken state that has lost its will to live, although for the moment, we still have enough toilet paper. Illinois continues to spend at levels that existed in 2014 even though the state’s income tax rates dropped in 2015 when a temporary tax expired. By John Tillman - A specter is haunting Illinois — the specter of government unions. Replies. Omer April 9, 2020 At 21:29. 1; 2; Next. Forums. Courtesy of ZeroHedge View original post here. Why Illinois Is Broke: 109,881 Public Employees With $100,000+ Paychecks Cost Taxpayers $14b. [sic] Illinois could soon be the first state in history to have its bonds rated as "junk." Opinion: Letters To The Editor. So you have to go to an ATM to get it. All of that has been cut off. Login/Join : Canted Valve. Plus my money gets there early so I’m broke before the normal people get paid. Anonymous 2/22/2019. The Chicago Tribune has published a remarkable editorial about the depth of coercive unionization has taken hold among government employees in the state: Across the country, union membership has plunged during the last few decades. SuspiciousFisherman April 9, 2020 At 23:13. Illinois Senators Dick Durbin and Tammy Duckworth, as well as Illinois Rep. Brad Schneider, are leading the charge to repeal the cap on state and local tax deductions, as reported by Crain’s and elswehere. Thread starter roastpork; Start date Sep 14, 2017; Tags broke illinois; Home. Share to Twitter Share to Facebook Share to Pinterest. Yet unions resist any and all changes, and shouted down Gov. By: Mark Glennon. Submitted by Adam Andrzejewski, originally published in Forbes, Illinois could soon be the first state in history to have its bonds rated as “junk.” Last month, both Moody’s MCO and Standard & Poor’s downgraded Illinois debt to just one notch above junk status. Prairie Grass is a reminder of what the state once was and the roots of the people that live within the state lines. Share: Illinois could soon be the first state in history to have its bonds rated as “junk.” Last month, both Moody’s MCO and Standard & Poor’s downgraded Illinois debt to just one notch above junk status. Pat Quinn at the Illinois State Fair for merely entertaining the thought of reform. Illinois Lottery rules require retailers to pay out winnings of $600 or less on the spot. Member; 4,119 posts; Gender: Not Telling; Location: Michigan; Share ; Posted June 21, 2017. Did it say a full 20% of your premium or 20% for April & May? Reply to this topic; Start new topic; Recommended Posts. Why Illinois is going broke. 85%. Nov 2012 9,154 3,690 Chicago Sep 14, 2017 #1 Ridiculous salaries abound in IL. I'm retired c.f.d. Reactions: Email This BlogThis! Reply. Reply . Author Topic: Why Illinois Is Broke: 109,881 Public Employees With $100,000+ Paychecks (Read 358 times) Lucifer. Submitted by Adam Andrzejewski, originally published in Forbes, Illinois could soon be the first state in history to have its bonds rated as “junk.” Last month, both Moody’s MCO and Standard & Poor’s downgraded Illinois debt to just one notch above junk status. Labels: Financial mess. Illinois political corruption is a problem that has dogged the state for decades and has only grown bigger with a current federal investigation ensnaring powerhouses like Martin Sandoval. This is our seventh time ranking the poorest places in Illinois.