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Illinois ponders pension-fund moonshot: a $107B bond sale
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2018 Jan 30, 7:35am 17,333 views 63 comments
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61
WookieMan
2018 Feb 1, 7:05pm
WookieMan
2018 Feb 1, 7:05pm
lostand confused says
I know. Weeeeeeeeeeeeeed! Humans dig it, can still function and will move to where it's available. CO wouldn't crash necessarily, but if ganja was legalized nationwide the growth would stop and maybe see a 10% decline in GDP, real estate, etc. in CO. I'm waiting for their mini crash and hope it aligns with the most definite IL crash.
Booger says
This line caught my eye: "It was sponsored by Senator Dan Biss (D-Evanston), who is also a genuine contender for governor."
I don't recall if you've stated where you live in past postings, but if you live in IL as I do, this line is fucking comical from the article. Dan Biss has ZERO chance of getting the nod from the Dems to be their horse in the race. There's a fucking chapstick Kennedy in the race as well. No neck, JB Prickzer will be the Dem nominee. Fuck, this state is really doomed as I read what I'm typing.
CO is very expensive now though-looked into it
I know. Weeeeeeeeeeeeeed! Humans dig it, can still function and will move to where it's available. CO wouldn't crash necessarily, but if ganja was legalized nationwide the growth would stop and maybe see a 10% decline in GDP, real estate, etc. in CO. I'm waiting for their mini crash and hope it aligns with the most definite IL crash.
Booger says
https://www.zerohedge.com/news/2018-02-01/its-baaaaack-illinois-privilege-tax-bill
Illinois Democrats are pushing again for passage of the “privilege tax”
This line caught my eye: "It was sponsored by Senator Dan Biss (D-Evanston), who is also a genuine contender for governor."
I don't recall if you've stated where you live in past postings, but if you live in IL as I do, this line is fucking comical from the article. Dan Biss has ZERO chance of getting the nod from the Dems to be their horse in the race. There's a fucking chapstick Kennedy in the race as well. No neck, JB Prickzer will be the Dem nominee. Fuck, this state is really doomed as I read what I'm typing.
62
Strategist
2018 Feb 1, 7:16pm
Strategist
2018 Feb 1, 7:16pm
Booger says
Looks like the Illinois government spends most of it's time trying to figure out how to sneak in new taxes without anyone noticing.
That's OK, it's all for a good cause. $300K pensions at 55.
https://www.zerohedge.com/news/2018-02-01/its-baaaaack-illinois-privilege-tax-bill
Illinois Democrats are pushing again for passage of the “privilege tax”
Looks like the Illinois government spends most of it's time trying to figure out how to sneak in new taxes without anyone noticing.
That's OK, it's all for a good cause. $300K pensions at 55.
« First « Previous Comments 61 - 63 of 63 Search these comments
If this goes down, we might see our first bankrupt state in our country. I don't get how they expect to produce income on the spread of the borrowed money vs. what they invest. IL already basically borrows at some of the highest rates in the country for a government body.
This is literally the equivalent of taking a cash advance on your credit card at 20% interest and then expecting returns of 30%. There's almost no scenario where this works out of IL citizens or the bond holders.
This is another reason I hate the back and forth on Trump. In the next 3 or 7 years if Trump is elected again, he will not even remotely have as much impact on my finances as my state legislative branch does. Next stop on the IL tax train is double digit income taxes. That will literally cost me $10k+ if we go 10% plus on IL income taxes. This is a when not if conversation. Thank god if it gets bad enough I can easily leave.