The Soapbox

Joined: 08/13/1998 Posts: 59689
Likes: 57237

What's this?

No, very different. This is mostly about a political cat fight between the

GOP guv and the still Dem Legislature. Per state law, most state bills can not be paid unless there is an approved budget in place, There has NOt been an approved budget since the guv came into office. He WANTS to take a Kansas, and maybe a Scott Walker, track and slash spending to the bone. The Legislature thinks he will cause massive problems if they do so. So they have been at an impasse.

Also by law, state bills that go unpaid 90 days begin accruing a penalty equal to 1% per month. There are bills that are two years old (or longer), which have accrued 20% penalties or higher.

Illinois is a classic case of politics over public good.

(In response to this post by TpkeHoo)

Posted: 06/22/2017 at 08:56AM

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Current Thread:

Illinois could be the first state ever to declare bankruptcy -- HokieDan95 06/22/2017 08:25AM

My Liberal-lefty friends say the answer is more taxes, always more taxes ** -- ConnHoo 06/22/2017 10:03PM

Sneek Peek to what is going to happen to the entire US, if we don't.. -- GoochlandHoo 06/22/2017 2:08PM

Baby boomers love their pensions. Meanwhile the rest of us are screwed. ** -- 06 Hoo 06/22/2017 08:36AM

Hey I have no pension. Eff you. ;) ** -- Seattle .Hoo 06/22/2017 1:22PM

What we really liked was tax cuts. -- Shenhoo 06/22/2017 10:32AM

At least you're honest. :-) But TBF, I don't blame the boomers for that per -- Hoodafan 06/22/2017 10:38AM

How dare you say that about St. Ronnie!!!!!!!!! ** -- HowieT3 06/22/2017 11:44AM

I'm a baby boomer and I have no pension. Most people I know -- 111Balz 06/22/2017 08:59AM

Government required private pensions to be fully funded long ago, but -- Hoo82 06/22/2017 10:59AM

Yep, rules were in place but not followed by all ** -- 111Balz 06/22/2017 1:26PM

That sucks. Sadly, it is what happens when people expect government -- Hokie5150 06/22/2017 12:48PM

But understand, what Hoo82 describes is not a partisan failing... -- hoolstoptheheels 06/22/2017 1:04PM

And this is not a "expect government to be all things" issue. It's an -- 111Balz 06/22/2017 1:30PM

It does happen in private industry - bankruptcy can -- hoolstoptheheels 06/22/2017 2:07PM

Well said ** -- 111Balz 06/22/2017 8:32PM

I would argue, though, that the next election concerns you mention -- Hokie5150 06/22/2017 1:11PM

It's not partisan in that both sides are equally guilty. -- hoolstoptheheels 06/22/2017 1:24PM

Bipartisan, I would agree. The problem, as I see it, with governmental -- Hokie5150 06/22/2017 1:35PM

I hate to make this about my current anti-Trump beliefs, but I... -- hoolstoptheheels 06/22/2017 3:33PM

Those promises are really nothing new, though. That's what -- Hokie5150 06/22/2017 3:49PM

I admit that this shows my anti-Trump partisanship, but -- hoolstoptheheels 06/22/2017 3:57PM

I don't see the right's scapegoating as any worse than the left's... -- Hokie5150 06/22/2017 4:11PM

Ugh. A really tough blow to him. ** -- Shenhoo 06/22/2017 12:00PM

They didn't third their taxes though. ** -- WahooRQ 06/22/2017 09:24AM

What do you mean by "third their taxes"? ** -- BocaHoo91 06/22/2017 11:07AM

Is it really a revenue problem, though? -- Hokie5150 06/22/2017 10:56AM

States entered into contracts and then did not properly fund their -- 111Balz 06/22/2017 11:01AM

Increase revenue where? Historically roughly 20% of GDP apppears -- Hokie5150 06/22/2017 11:03AM

If one enters into a contract, it should be able to fund its obligation -- 111Balz 06/22/2017 11:18AM

The greatest generation? ** -- hokeyhokie 06/22/2017 09:12AM

Did they follow the Kansas experiment? or did they take a difft path? ** -- TpkeHoo 06/22/2017 08:27AM

No, very different. This is mostly about a political cat fight between the -- 111Balz 06/22/2017 08:56AM

Illinois has been on a path to bankruptcy for far longer than the -- 81_Hokie 06/22/2017 11:23AM

They have had fiscal problems since before then for sure, but -- 111Balz 06/22/2017 11:28AM

Wonder if the hoakie knew all that when he started this thread. -- WahooRQ 06/22/2017 09:47AM

I know the hoo got real defensive and created a straw man ** -- HokieDan95 06/22/2017 10:35AM

Yes. You. I and a couple of others simply explained -- 111Balz 06/22/2017 10:59AM

Obvious you are too dumb to notice I never responded to your explanation ** -- HokieDan95 06/22/2017 11:18AM

I assumed you were not capable of processing it accurately ** -- 111Balz 06/22/2017 11:20AM

LOL, I think this thread demonstrates your inability to process things -- HokieDan95 06/22/2017 11:36AM

Mean ol' Stanford with Condi, et al...they did not get the memo -- Tuckahokie 06/22/2017 10:05AM

1. Even the Hoover people want to be rid of Condi and 2. Stanford would -- HowieT3 06/22/2017 10:21AM

You lost me at zerohedge. Did Vladimir Illyich EAPo send that to you? ** -- WahooRQ 06/22/2017 10:12AM

How 'bout the LA Times? That accepted in the bubble? -- Tuckahokie 06/22/2017 10:15AM

The 7%+ investment return assumption is a bit scary too. -- BocaHoo91 06/22/2017 11:10AM

More reputable source for sure but I am still trying to figure out why -- 111Balz 06/22/2017 10:33AM

I blame the GAO for that -- Stimp 06/22/2017 11:00AM

I have no basis to dsiagree with that, but if every state HAD -- 111Balz 06/22/2017 11:02AM

And if your aunt had balls, she'd be your uncle. Expecting political- -- Hokie5150 06/22/2017 11:43AM

And if yours had balls, she'd be your dad instead of your mom... -- WahooRQ 06/22/2017 1:02PM

"IF"s are meaningless at this point. ** -- Hokie5150 06/22/2017 1:04PM

The discussion you jumped into was about wh is to blame -- 111Balz 06/22/2017 1:42PM

Whatever. That's a cop out on many levels,but pretty typical ** -- 111Balz 06/22/2017 12:53PM

It's reality. Failure to acknowledge reality is precisely why -- Hokie5150 06/22/2017 12:54PM

Thankfully, you only get to define your reality. Which seems to be -- 111Balz 06/22/2017 1:04PM

Gee, you mean companies faced consequences for their failure to face -- Hokie5150 06/22/2017 1:17PM

Smh. There's a hole in the bucket, dear Liza, dear Liza... ** -- 111Balz 06/22/2017 1:19PM

Could still be his aunt...just awaiting surgery ** -- Tuckahokie 06/22/2017 11:46AM

Ha! ** -- Hokie5150 06/22/2017 11:51AM

Sounds like the California experiment ** -- Tuckahokie 06/22/2017 08:51AM