In thermodynamics, we have three laws, which can be popularly and accurately summed up as follows:
First Law: You can’t win, the best you can do is break even.
Second Law: You can only break even at absolute zero.
Third Law: You can’t reach absolute zero.
And that sums up Illinois’s finances. I spent a day reading through some wonderful and depressing information at the Illinois Policy Institute’s website (www.illinoispolicy.org) and would suggest you do the same, even if you aren’t stuck here like I am: it’s a cautionary tale. I’m just going to toss out a few illustrative highlights I’ve dug up there, which will (I hope) inspire people to look further. And it gave me some good rocks to throw (metaphorically) at our Assembly candidates.
Illinois’s woes are legendary, numerous, and well-documented. I’m simply going to list a few highlighted facts, which lead to the unfortunate and inevitable conclusion: we’re spiraling down the toilet and there’s no way to stop it. The root causes are baked in and, as a practical matter, immutable.
As you’d expect from a state known as The Cradle of Graft, there’s an amazing amount of money lost to corruption. I found story after story showing hundreds of millions of dollars wasted in useless projects, subsidies, payoffs, kickbacks, legal expenses for police abuse, you name it. But all of that doesn’t even make page one of the Pareto chart.
Illinois’s debt is over $200 billion, with state assets of about $20 billion, and this doesn’t even count local debt, which adds another $100 billion onto the flaming pile. This breaks down to over $50,000 for each and every taxpayer in the state. So you can see that the Three Stooges of How We’re Going to Fix Things beloved of politicians giving speeches (“Waste, Fraud, and Abuse”) are down in the noise; $100 million dollars doesn’t scratch the surface. The tax increases that have been proposed (which will somehow magically not drive people and businesses out of the state at a faster rate than they’re already exiting) aren’t even close to enough to cover this debt.
Well, how about cutting spending? Let’s look at that a bit, starting with what we’re spending the money on.
Far and away the biggest cause cause is well-known: public employee pensions and health insurance benefits costs. How bad is it?
Here’s a delightful graphic which just looks at one typical municipal issue, cops.
Though there’s variation from county to county, the pattern remains the same.
How about fire?
So again, the pattern is clear. If we cut every single penny of cops and fire protection spending, closed every police stations and fire house, and could somehow get around the unions and fire every worker, we would STILL be vastly underwater. There’s nothing unique here; there’s similar charts for teachers, nurses, clerical, administrative, and every other type of state leech employee classification.
The debt, pension and health insurance costs for retired state workers represent over $185 billion, or about 85% of the Illinois debt. It cannot be stressed enough: this is for people who are no longer working. You could fire EVERYBODY currently employed, cut every goddam program (good or bad), shutter every building, and barely dent the issue. These deals were put in place by the generations of family politicians who have run the state and municipal governments, the Daleys, the Madigans, the Stevensons, the Simons, the Jacobs… all enriching themselves and their hangers-on, while pulling hundreds of millions from the fabulously corrupt unions to indebt all the rest of us.
So since we can’t tax our way out, we can’t reduce spending enough to make a difference, I guess there’s only one thing left to do: cut the pensions. Oh wait…
Membership in any pension or retirement system of the State, any unit of local government or school district, or any agency or instrumentality thereof, shall be an enforceable contractual relationship, the benefits of which shall not be diminished or impaired.
The above is Article 13 Section 5 of the Illinois Constitution. That’s right, it’s in the fucking constitution that we can’t touch the vast bulk of where the money is pouring out. If you want to cut even a dime of the vast sums of money being spent on people who aren’t working , you have to amend the constitution. To do that, there must be an affirmative vote of 2/3 of the House of Representatives and the Senate AND then be approved by a majority of voters on a special election ballot, most of whom do not pay the bulk of taxes. This is de facto a nearly impossible hurdle.
So we can’t win, we can’t break even, and we can’t get to absolute zero debt. The politicians running who pretend to have ways to fix things and to help taxpayers and property owners are lying scumbags. We are all fucked. Like so many others, I’m doing everything I can to get the hell out of here.
I will not miss this place.
But…..unions built the country!
Just hit that mother-fkin THEME MUSIC !
but but but Cleveland?
Larry “Bud” Melman! Nice!
I would have thought with that comment this would have been your theme music:
https://youtu.be/K1b8AhIsSYQ
Bonus points if you can explain why the bass player in the opening scenes is wearing a dress.
One of the absolutely worst songs ever produced.
^This^ And after seeing 45 seconds of the video for the first time ever, I’d have to say the video is in the running for worst ever, as well.
I have a fine luxury tent in my backyard …. in New York State …. frying pans and fires I guess,
How long has that been in the constitution? Relatively recently? That’s just absurd.
I wish all the Illinois Glibs godspeed getting out of that place.
To the extent that IL is probably normal per my city/capital-vs-state theory, it’s a shame that guys in Mt Vernon will get shafted for what in all likelihood was spent in Cook County.
Some inside-baseball info here, but the takeaway I get is that Illinois is far from alone.
Nice find Rhywun. There’s good info there:
Some states (seven) have a constitutional provision that specifically states that public pension plans create a contract between the state and participant (employee) although the protections vary state-to-state. Michigan, for example, has a constitutional provision that protects benefits accrued to date while Illinois’ constitution says accrued and future retirement benefits are protected. These kinds of specific protections make it impossible (barring extreme circumstances) to change an employee’s retirement benefit. This rigidity is why unfunded pension liabilities in these states (Illinois in particular) are so alarming – because the law essentially prohibits the legislature to making any changes that could decrease that liability. The law only allows for changes to future employees, whose benefits are of course not included in that unfunded liability.
(emphases mine)
[I had to look up the plural of emphasis]
Until the Emplyee Retirement System gets plundered, the new York Pensions are still funded.
The only reason this hasn’t happened yet is because the Comptroller is a separate elected official and doesn’t want to give up his fiefdom to the governor.
I don’t expect this stasis to last. All it takes is one weak Comptroller.
Also, New York isn’t the worst when it comes to public debt – “only” $20K per person. Yay?
I don’t expect it to stay even that low.
Picking up on speculation in the precious metals post on when/whether the governments seize retirement accounts. My prediction:
After the next truly painful correction (along the lines of the ’08 -09 market), we will hear wailing about how 401ks need to be more secure and safe. The government will respond with new regs requring that, in order to qualify for the beneficial tax treatment of retirement accounts, X% of your account will have to be invested in Treasuries (or possibly in a government-issued and “guaranteed” bond of some kind, opening the door for states and municipalities to play). If they are smart, and when it comes to separating you from your money, they can be quite clever indeed, they will require that it be a special bond of some kind, issued just for retirement plans.
Now you have to liquidate X% of your 401k and buy Treasuries, which is to say, give that money to the government. The reason they will be smart to issue special bonds for this is so they can fuck with the special bonds (change the interest, maturities, etc.) without totally wrecking the institutional bond market.
They will raise the percentage, requiring you to give more and more of your retirement account to the government. It will be a slow-motion confiscation of your retirement assets, giving you government paper in return.
That is my concern as well for both the state and federal pensions.
Christ. Don’t give them any ideas.
Already been done by European countries. Ten years ago I made a similar comment to RC’s at TOS. I’m not sure they’ll require liquidation of current holdings as that might exacerbate a stock market crash, but they would certainly require new contributions to be X% in treasuries. Not only is there no doubt in my mind, it seems like the logical conclusion of spending beyond revenue. They’re gonna get their inflation one way or another.
Are you trying to get me to expatriate? Because that is how you do it.
Imma OT your OT: I’ve been looking at whisky barrels to age some Bulleit Rye. I see the company you recommended has the 2 liters for only $3 more than the 1 liter. I’m sure it’s a personal preference choice, but what’s your (or anyone’s reading this) thoughts on going with the 2 liter instead? Obviously more up-front cost for liquid to put in it and a little more time in the barrel, but other than that I can’t think of any major downsides…
Longer ageing time but that’s not a bad thing.
Right, I’m thinking that isn’t a big deal at all. I mean we’re talking weeks, not years.
For liquor, I think the 2 is the way to go, because it keeps.
For cocktails, probably the 1, because they don’t keep as well.
Having worked as a bartender, aging cocktails just seems weird to me.
I can see it with drinks that are made from mixed alcoholic ingredients. But if you add in a non-alcoholic mixer I think the results would be poor.
Move.
We badly want to. And are actively working to do so.
CA or NJ?
God no. I escaped CA. Never, ever going back.
I was born in California, and as a teenager I always thought it would be so awesome to move back. Most of what you hear about California is beaches, gorgeous weather, hot babes, and an awesome nightlife.
But as I entered adulthood, I came to realize that none of that stuff outweighs the drawbacks: insane taxes, gun control bullshit, and a political climate of corruption and graft dressed up as compassion for teh poorz and teh minoriteez.
Plenty of other states have beaches, nice weather, and hot chicks. And with regards to nightlife, I’m more of a stay-in-and-read-a-book-with-a-bottle-of-wine kind of guy anyway.
Come to Nashville. The progs haven’t completely invaded yet.
PA is in a little better shape. The notoriously labor friendly governor has signed a pension reform bill making 403B’s required for new state hires. It will take 35 years until the pension shortfalls are predicted to be paid off.
This assumes gov math and that no changes in a multitude of variables occur before then.
Austerity. Real no austerity is the only way out and no one has the balls to do it until they have no other choice.
Cape Town was running out of water and conservation had no significant effect. Then the water authorities started counting down till they would run out. Now the zero day is pushed out like the date for affordable fusion energy.
Sometimes the only way to get change is crisis, real or fabricated.
it looks like New Jersey is the worst, lots of states are in trouble, and
quite a few are not!
I was born and raised in NJ…a nice part.
It is still a shithole. I have fantasies of the whole state falling into the ocean.
California’s debt looks insane, jeebers.
I live in the Quad Cities. My wife is deployed in Saudi Arabia currently and I am not sure where she is going to end up when she comes home. I am looking at just moving to Iowa and renting while I sell my house due to the insanity here in IL. I can’t wait for our new Democrat governor to make me a felon overnight with all his gun control dreams as well.
Quad cities?
Rock Island, Moline, Davenport, and your guess from several ‘fourth city’ candidates.
Bettendorf?
I think it is traditionally Moline, Rock Island, East Moline and Davenport. I live in Moline.
You can probably smell Clinton from there.
Heh heh Another Dead Man.
Quad Cities.
Wow, that video quality is awful.
*waves at Tulpa
I feel genuinely sad for you that Yussef isn’t here right now to give you the big “fuck off” you deserve. Welcome, anyway.
Thanks. If he was a half way competent troll he would have moved on long ago. The various instances of being outed on the TOS were painful enough. Yeah I know thats just what Tulpa would say.
We’re in Boston for a few days. I rented a Subaru Outback for $67 a day. After taxes and fees, the daily rate is twice that. A four day rental is costing me over $500.
There’s a reason why we moved from an uber progressive state to America. Massachusetts is providing a good reminder.
I rented a 2018 Hyundai Tuscon for a month and it was right around $1200 for the entire month, here in Baltimore. WTF?
I think it was actually less than that, total, and I put over 600 miles on it.
Is it cheaper to Uber around?
I did that in L.A.. I just didn’t feel like driving. Cost me a couple of hundred or thereabouts for a few days.
Well, that’s sort of a completely different situation. If you’re just going to run around to local attractions when you’re already there for a few days, then of course use Uber. If you’re going to drive longer distances, then rent a car.
^^^^
Even apart from the prog taxation, airports fuck over car rentals as cash cows for their empire building. Taxes and fees are 50% of the daily rate in Nashville, for example.
Taxes on hotels and car rentals are the favorite targets for the slavers. You can really gouge the fuck out of those poor bastards and what can they do about it? Vote against you? Bwaaaaaaahaaahaaa.
My last job included a lot of travel to Chicago. The taxes and fees on my hotel room was always breathtaking. State, city, downtown taxes all added up super fast.
NYC has a “land use tax”. If I remember, it even applies to parking.
The weirdest thing I’ve dealt with was trying to get my tax payment back from a 2 night stay at a hotel in Austin. Apparently (no prior guidance) there was a form I was supposed to fill out and have the hotel sign before I traveled in order to validate the weird state/city tax in TX. Got it hammered out, but that was a little surprising.
Holy shit the state of Illinois belong civil servants?
While we’re at it, how much do locomotive engineers make down there? Someone I know makes six figures, gets six weeks vacations, and works 4 and 3 day alternating work weeks working for a crown corporation.
But their pensions aren’t very good I’m told. ‘Not very good’ relative to what I wonder?
Some of the highest pensions in NYS go to retired LIRR (Long Island Rail Road – state run, naturally) workers. The NY Post routinely runs stories concerning outrageous pensions in various public sector fields.
They make c. $60 an hour here. It’s run by the government. Which makes me think they’re worth less than that.
NY State and NYC has some unbelievably cushy construction union jobs.
Gee, I wonder…why.
Yes – which is why it costs up to ten times as much to build anything here as in more free-market oriented paradises like London or Paris. (And the rest of blue-state US ain’t much better – TLDR version here.)
Depends on the hire date & contract. Older employees are often grandfathered, while newer employees make less. Shortlines make even less. I don’t envy them. Rule bound, with big brother level surveillance that’s only getting worse.
Illinois, oh yeah. So let’s start with the basics. You guys have a large city. I seriously hate Chicago, it sucks donkey ballz. The Field Museum is the only good thing there, otherwise, nuke it from space.
But wait. Let me start from my point of reference. I lived in Indiana for nearly 2 decades. And I can’t even begin to express just how much it sucks. That being said, I would take Indy 10 million times as a city to live in as compared to Chicago.
Then back to the basics. The climate in that part of the country is pure fucking shit and there is no way to dilute that. It’s fucking awful. Maryland is a paradise on earth in comparison.
I got nothing else.
All I know is my wife and daughter wanted to go to the Shed Aquarium and watch some fish dance and get rewarded with food. I hate fucken hate synchronized fish swimming. Bores me to tears. The things we do for the kids and wife.
Wrigley was memorable. Taking in the Chicago symphony practice – with a beer – outdoors in Millennial Park was also enjoyable.
If you have to be in Chicago, to to the field museum. It is the best, period, in the USA.
‘go’
I used to love the planetarium. Haven’t been to Chicago in 20 years though. Museums do not trump Chicago traffic
I love downtown Chicago (and certain other parts) but I’ve never driven. Combination of walking and the L is the best, if you don’t mind walking.
Agreed.
Synchronized fish swimming? You mean a school?
Wrigley
Second City
Chop House
Shedd
nice place to visit
I remember when people were freaking out about Kansas cutting taxes (but not spending) a few years back. The left was acting as if Kansas was a giant dumpster fire. I referred people to Illinois, Connecticut and New Jersey for real dumpster fires.
The book Shadowbosses by Mallory Factor was a good book about the pernicious influence of government sector labor unions, and it touched on pensions quite a lot.
One appalling thing I learned is that some states have an arrangement where if a government employee quits to go work for the union, they will continue to grow their entitled share of the pension based on their salary at the union. So, if I worked for the State of Illinois making $100,000 per year, then I quit to take a job with the AFSCME making $200,000, my pension just doubled (even though that $200,000 was earned in the employ of a private entity).
The rules are just rigged totally in favor of government employees. It’s a massive profit generator for the AFSCME and SEIU, who of course, donate it to the Democrat Party. It’s exactly the kind of self-interested lobbying that Democrats decry when Republicans do it.
Who says there aren’t any women libertarians?
“A group of fans attempted to recruit Daniels to run against Republican Senator David Vitter in Louisiana in 2010.[10] The recruitment process was centered around the website DraftStormy.com.[40] On May 21, 2009, she formed an exploratory committee,[41] initially inspired by revelations about “Vitter’s connections to a prostitution ring”.[42] In August 2009, her campaign manager’s car was blown up, although no one was in the car at that time.[43]
In April 2010, Daniels finally declared herself a Republican candidate. Her decision was inspired by disclosures that the Republican National Committee (RNC) had paid expenses for fundraisers at a “lesbian bondage themed nightclub” in Los Angeles, stating that the revelations “finally tipped the scales”.[3] She explained that the RNC’s use of party funds for sex convinced her that Republicans represented her libertarian values best: Daniels said she has been a registered Democrat throughout her life, “But now I cannot help but recognize that over time my libertarian values regarding both money and sex and the legal use of one for the other is now best espoused by the Republican Party.”[42]
She made several listening tours around Louisiana to focus on the economy, as well as women in business and child protection[44] and stated that if elected, she would likely retire from the adult industry.[45] She announced on April 15, 2010, that she would not be running for Senate, saying she could not afford a run for the Senate seat and stating that the media never took her candidacy seriously.[46] ”
https://en.wikipedia.org/wiki/Stormy_Daniels#Politics
“1/1024th does not equal 2020”
https://twitter.com/KellyannePolls/status/1051962425820569602
LOL
My question is that they are talking about 6-10 generations? When did her obviously European family arrive in the USA? It seems I have most typically heard ‘generation’ described as 40 years. If that’s accurate, we’re talking 240 to 400 years. I’m skeptical of all of this. I would like to have my own DNA experts to examine this evidence, as the American left has long since destroyed any hint of credibility that may have had left.
I’d like to repeat that my brother voluntarily moved to Chicago after living in Florida for the first 30 years of his life.
I have multiple psychiatric illnesses, am likely autistic and have spent time in an inpatient psychiatric institution, and I believe I’m more sane than he is (not just for that, mind you, but it’s a symptom)
I would take Chicago over Florida too. ??♂️
I used to have to go to Orlando for a business we owned and holy shitballs, the weather during the summer was dumb. I’m generally not an angry guy but by the second day there, I wanted to put someone in a choke hold.
Hell, I can barely tolerate NYC summers. I can’t imagine central Florida… OMG.
That is why I’ll never live in Texas, especially Houston. Air is supposed to be gaseous not liquid.
Yeah, I would die.
Fuck I used to go to Mississippi every summer as a kid to see my grandparents and fuck madone, the humidity would damn near kill me. And my grandfather didn’t like to use the AC because he viewed it as being wasteful. And don’t get me started on the mosquitos.
who is madone? is s/he hot? pics?
What a wuss. I used to live in Tallahassee and played tennis in the dead of summer. (Of course, that was 30 years ago — it would probably kill me now.)
I’ve never lived south of NYC. You have to live somewhere to tolerate its weather.
OK, I lied. SF appears to be south of NYC but its weather is much more pleasant.
I’m just pulling your chain.
Actually, I’m from the midwest and only lived in Florida for 2.5 years. Being young and with no excess body fat (at the time) certainly helped cope.
Interesting point. With the amount of blubber I’m carrying around now, I might as well head (farther) north.
You’re supposed to go to Florida in the Winter. Living there in Summer is how you get Florida Man.
“I have multiple psychiatric illnesses, am likely autistic and have spent time in an inpatient psychiatric institution…”
So…..you’re a Glib?
Bought a house in the Northwest Suburbs in August……
The rational part of me when closing was like, “You fucking idiot. This state is fucked and you just signed your life away for a decade or two.” But the sentimental side of me can’t leave this state partially due to a newish job that I actually like and my intermediate family being here.
I fucking hate what the Democrats and the public sector unions have done to this state. I fucking hate the voters even more for eating all the bullshit that the Illinois politicians have been feeding them for decades. Illinois is such a beautiful state and watching the corrupt Democrats and the useless GOP squandering it away upsets me.
I feel the same about New York.
Add California, Oregon, and Idaho to my list for the same.
Don’t hold back, tell us what you think.
Week two in Arkansas: my brother swallowed a wasp that had gone swimming in his beer, got his uvula stung. lo freakin’ l.
It’ll behoove ya to care for your uvula.
“Elizabeth Warren committed racial fraud: – She changed ethnicity from white to “Native American” at UPenn – Listed as a “woman of color” at Harvard – Identified as “racial minority” in American Dir. Law Teachers – Signed recipes in an Indian cookbook “Elizabeth Warren, Cherokee””
https://twitter.com/bennyjohnson/status/1051847153365192705
Coffin nails, at this point. Squaw is cooked.
Yeah, I think she may be fucked. Democrats will cut one of their own some slacked if they raped someone, murdered someone, or committed grand larceny. Cultural Appropriation though. That may be a bridge to far.
Oh, they’ll find some way to hand-wave it away. They always do. Run, Liz, run!
What’s to hand wave? Democrats have always believed in the one drop rule.
The hypocrisy.
But with the one drop rule she really is Indian! It’s magic. You see whiteness is super duper fragile and other races genes are massively potent! So one drop of nonwhite blood and poof 100% non white.
Shit at this point she is a homeapathic Indian. She doesn’t even have a full drop in her.
Or should that be homeopathetic?
I guess my spell checker has diluted my ‘o’s to the point where only their essence remains.
“homeopathic Indian”
LOL
If I were Warren’s campaign strategist, here’s what I would have told her:
Don’t give too much credence to the controversy about your Indian background (or lack thereof). Just keep hammering the “free shit for everyone” policies. If you are forced to mention the Indian thing at all, just dismiss it as the racist blatherings of crazy right-wingers, then express a desire to “focus on the issues”.
She made a big mistake by getting that blood test and publicizing the results. It just proved her opponents right. Of course, I won’t complain if Democrats want to shoot themselves in the foot.
Go ahead, run Hillary again. It’s totally Her Turn™ this time.
It is the most mind boggingly stupid thing I’ve seen a politician do, when I really think about it. I mean, this isn’t a matter of policy or a stupid off hand remark. This is a calculated strategy of some kind to vindicate her critics.
She was damned if she did, damned if she didn’t.
If she was running against any one else other than Trump and I’d agree that she should have just ignored it. The problem is that Trump has a genius for gigging her on shit like this. She would love to ignore him, but he is too good at this shit to let her off the hook.
Of course, her root problem is that she lied about being an Indian way back when. If she really thought she was an Indian, she would never have changed back to being whitey after she locked that gig up at Harvard. To me that is an admission that she knew she was playing with fire.
1. I’m skeptical she even has that much native American DNA. Why did she need to hire her own private researcher from Stanford to begin with? She couldn’t use a simple family tree?
2. If her family’s been here that long, someone needs to go back and find some slave owners for just laughs.
Here’s the worst part. Her highest possible percentage is Lower than the average native american quotient of white people in america. She is statistically less Native American than most whities.
Where’d you find that? That is funny. The Hat needs to tweet that shit.
Twitchy. But the story cited is Here.
I’m out of links for the comment, I hope that’s enough.
Yep, thanks. Best comment was that the Donald has a decent chance of having more native DNS than her. That would be epic troll.
Seems to me it would differ greatly depending on whether you include post-colonial Euro-migrants (like my ancestors).
If you’re talking about North American NA, that might not be the case.
According to the Daily Wire, the test samples used for comparison came from Mexico, Colombia and Peru. As one of the commenters quipped, the doesn’t need a war bonnet – she needs a sombrero.
And when it crashes there will be a Federal bailout, which will 1. encourage other States to double down and 2. crush economic growth under new taxes and government debt. And when the bailout cascade builds steam, and the baked in Federal issues *cough Social Security *cough Medicare/Medicaid take the national debt to this level… Only one way out, currency devaluation. Woo Hoo!
Yeap. Same with CA. Too big to fail.
https://twitter.com/MrAndyNgo/status/1051286006299688960
Interesting thread.
So when Illinois gets flushed, which was does it flow – into Lake Michigan or down the Mississippi?
which WAY goddammit (can’t even blame that one on the new mouse)
Wow, I didn’t realize the Mis’ip watershed ran through Chicago. I guess I shouldn’t be too surprised since I knew it entered NYS too.
There’s a canal connecting the Chicago River to one of the tributaries of the Mississipi. So technically, everything east of the Miss has no land connection to the west. There’s continuous waterway from the St Larry to the Delta by NOLA. It’s not all navigable, but it’s all water/pollutant.
So technically, the entire east coast is an island. ?
You mean the Illinois River?
https://twitter.com/AmeliaHammy/status/1051872387220852737
Twitter continues to ban accounts while refusing to show examples how their policies were violated.
Now that was a stupid call in the Dodgers game.
“She’s the Richard Blumenthal of intersectionality, minus the apology.
Do you want to know what media bias looks like?
Earlier today, Massachusetts senator Elizabeth Warren released DNA test results that confirmed that she misled employers, students, and the public about her Native American heritage for years. Bizarrely, all too many members of the media treated the results as vindicating her. Down is up. Black is white. The imperatives of the resistance apparently dictate propping up a liar — as long as she might be able to beat President Trump in 2020.
Here are the facts. For an extended period of time — at a key point in her professional life — Warren identified herself as a Native-American woman. She listed herself as Native-American on a key legal directory reviewed by deans and hiring committees. Former employers — such as the University of Pennsylvania and Harvard Law School — listed Warren as a minority faculty member. Harvard Law School even trumpeted her as the school’s first tenured “woman of color.””
https://www.nationalreview.com/2018/10/elizabeth-warrens-native-american-ancestry-spin-media-fell-for-it/
My family is from Illinois. I moved to California in 1986. My parents became snowbirds between northern Wisconsin and Florida in 2004. Both my young nieces decided to settle in Milwaukee after college rather than return to Illinois in the past two years. And my two sisters and their families are still living in the Chicago suburbs, but looking to move to Wisconsin as well, hoping they don’t take a bath on selling their houses (higher-value houses in the suburbs are losing value precipitously, especially ones with large yards (one sister is on seven manicured acres in a horse country suburb and is seeing her home value plummet, amazingly enough the newly wealthy millennials want nothing to do with property and want large houses on tiny lots. I guess they don’t want the hassle of lawn care?)
Soon enough, the state of Illinois will drive most of the middle-class and upper-middle-class out just like everyone in my family has left or will leave. And their productive individual tax base will continue to decline, and they’ll only be left with very-high-income people on the lakefront, government employees, and an enormous underclass. And no doubt soon after, demagogues will start the encouragement of the welfare recipients to rise up and occupy the North Shore mansions, Lincoln Park brownstones and Gold Coast highrises. Better to watch this one from afar.
When my wife and I were looking for homes, the McMansions in North and Lake Barrington weren’t selling and the owners had to continually lower their prices. I suspect that it was because of the high taxes in Lake-McHenry-Cook Counties and the Barrington Areas. I saw this house I wanted in North Barrington near a creek. It was in a woodsy area and had a shit ton of land, but the taxes were around $13,000 a year and I was like….fuck that shit. Granted my taxes now in my new house is high but it’s a little less than that. It’s the taxes and uncertainty that is driving the folks away.
Shit. My Felonious land taxes are less than $1k/year with a similar amount of school tax. (I sent and looked it up. My cheap little house with no lawn has cheap taxes.)
~6 acres with a modest house is around $1500 here … for now
Where is “here” in that context?
Slightly north of STL in the Illinois side
Hmmm, near the ketchup bottle?
Close. North and west in the most ridiculous county Illinois has, Calhoun. No one here is from a street, neighborhood, village or city. Because we don’t have any.
Ed seems to be describing the country club republican tribes surrounding the core of the blue hive. Very pricey, very woke and “not them”. My part of Illinois is much more like what you would find in Southern’s Louisiana. I have friends and family up there but it may as well be a different planet. My old college roommates from Chicagoland have gradually become more like me for some reason.
Ouch… just wrote a check for $400. 30 acres, pond, and typical 3 bdr/2 bath home.
I was a little pissed because it went up 20 bucks from last year, but then I remembered what you all pay.
$2k for 3 acres, 1300 sqft house. Tax bills just went out.
Why we won’t be staying in PA when we retire; our house is well south of half a mil and the taxes are over 8k/yr.
Charlottesville, VA right now – I’m a few miles North of town and they’re selling brand new townhouses starting at $200k and single family homes a little further N starting at $250k. Blows my mind compared to what my folks are looking at around the Triangle area in NC – esp since we’ve got all the Triangle features in a single municipal location.
I’d think of buying (vs renting which I’ve done all my life), but I’m planning on moving within approx 2 years (or doing military deployments) – and that sort of commitment is all kinds of iffy for me. Long term goal is to build/buy eventually in the NW after I move back there in a few years (hopefully).
https://twitter.com/senorrinhatch/status/1051979441835003907
LOLOLOLOL
I hate you. I actually laughed.
Ok. Now I feel bad for all the things I have said about Orrrin Hatch. The ability to laugh at yourself is a real saving grace.
Whoever does his twitter is great. I hope that person moves to Rand Paul’s comms or some other pol that I actually like because it’d be a sad day to lose them altogether.
Damn you… I came here to post this!!
It’s not just Chicago. I still live in the southern half where I grew up, and three of my high school classmates (I’m 54) are retired state employees already.
If I stick with the state and they don’t go broke (two big ifs) I’d be eligable for a full pension at 56. Had I started a year earlier I’d get 31 years of service at 55 and be eligable for a full pension then.
and do you get the magic multipliers for sticking around for a year or two after eligibility?
No, actually.
Under 20 years service you only get 1.66% FAS*/year service starting at 62 (or earlier with serious penalty to payout)
20-29 years, it’s 2%/year service same penalties for before 62.
At 30m years penalties for retirement at 55-61 vanish. But year past 30 drop to 1.5%/additional year.
So, at 31 years it would be 61.5% FAS
*FAS = Final average salary, average of last three years minus some amount if there’s a bump from the years prior. So it’s a calculation based on last five years of work.
Oh, sorry, this is data for Teir 3 and 4 Employees.
No one hired today gets that. They’re on teir 6, which is lower.
I’m Tier 4. I got in before they introduced 5 and 6. (5 only lasted one year, during a hiring freeze, so almost no one is in it)
I don’t know how old you are but do you really intend to work for the state for 30 years?? I don’t think I could do it.
I’ve been here ten and a half years.
That fact makes me sad.
I was fired a week and a half before my 20-year anniversary. OTOH it went from 69 employees when I started to 1500 a few years ago to over 7500 after we got acquired, so it was like working for a new company every few years.
Oh, that “retire after 20 years” shit just pisses me off so much. How could anyone with two brain cells to rub together ever pretend that wouldn’t cause financial ruin?
What can’t go on forever, won’t.
That said, what is actually going to happen when this implodes? That you can’t unload the pensions (protected by the constitution? wtf?) and the tax base is rapidly fleeing, what’s going to happen?
On second thought, don’t answer that. I’m pretty sure I know the answer and it involves a Federal bailout. Fuck.
It’s kind of a nice example of the issues created by calling access to free shit in anyway shape or form a right. If the money isn’t there to pay them, what is Illinois or any state going to do? No text on paper can guarantee something like that. Eventually, you will run out of other people’s money and then those “rights” suddenly don’t exist.
Those state pensioners will consider it a very good deal when the checks stop and aren’t followed by gun-toting mobs looking to claw some back.
I wish to hell that this would be struck down as taxation without representation. As a non-resident of California, I’m not eligible to vote there, so I shouldn’t have one cent of my money going to fix their problems.
A pension agreement that voters at no point can modify is itself taxation without representation. At some point, the voters and politicians who approved of that are going to be gone. New ones are constantly being added, and they’re being told your shit out of luck. Same thing with deficit spending as a whole.
Bankruptcy, for sure. But I don’t see how any state can lay claim to fedbucks.
It has been a long time since I read the bankruptcy code but I am pretty sure there is no provision for a State bankruptcy, Municipalities yes, but not States. States are sovereigns and have broad powers to tax and even default. Adding constitutional provisions guaranteeing payment basically means less here than it sounds like. If they get too upside down they’ll just jack up taxes, including on pensions.
Pension $150k/yr. State tax rate 65%, problem solved lol.
We’re taxed on our contributions at the state level but not the federal level. We’re taxed on our payments on the federal level but not the state level. (for now)
Huh… well yeah I am not in the slightest way competent to answer that…
Mammary Monday: sideboob edition.
http://archive.is/FSV0R
1, 4, 6, 9, 10, 15, 22, 30, 33, 42.
I got front tickets at how fucking evil and stupid the public sector unions are in this state. I mentioned a couple of times that I used to be close friends with a state worker and our friendship basically fell apart because one day I couldn’t take his bitching about how fair Rauner and the taxpayers are being towards him and the other state workers. Anyway, dude was active in AFSCME and sat on it’s negotiation council. They really thought in their minds that the state wasn’t broke and that the taxpayers mainly the rich need to fulfil their “promises” to the workers even if services get cut because fuck everyone else, they deserve their pay and pensions.
And also, he and his cohorts fucked with Rauner and he fucked them right back and fired their asses. My friend couldn’t understand why he got fired despite him going against the Governor who was basically his boss. We all tried to explain that in any other job if you fuck with the boss and wage a camapaign to get them fired, sooner or later the boss will get tired of their shit and fire them. He just didn’t get it.
Anyway, he was pissing and moaning about how he and his cohorts was getting fucked and I finally flipped out and asked him why does he think he and his cohorts deserve more of my money? In a fit of rage I also told him that it’s not my fucking problem if he and his wife (his wife is a teacher in Springfield) don’t have enough for their retirement and that instead of leeching off the citizens of this state, they should take some fucking initative and save. Yeah, he didn;t take that well and we stopped talking.
He was also one of the sorts who enjoyed the bureaucratic power he had. Dude worked for the Department of Revenue and took some sort of sick joy telling folks that they either had to pay up or risk getting a lien on their property or even worse.
I don’t have an issue with govenrment workers (I’m married to a public librarian) but what I can’t stand are the petty tyrants within government who gets their rocks off fucking with others.
Fuck him for real then.
I know a guy who is a county building inspector. He’s a fun guy to drink beer with, but he seems to think it’s funny when someone tries to start a business, buys a building, and has to scrap the whole idea because they can’t afford to bring it “up to code”.
I go through that in my business. It’s outrageous.
They put us in unnecessary debt. And it’s not like they’re fair about it making all sorts of demands that increase costs.
But if I don’t do it, I don’t get a permit.
Infuriates me to no end.
Alas, it accords me a living no thanks to the government who are a thorn in my side.
And it always breeds corruption. Friend of ours wanted to pave his gravel parking lot. He was *just* inside the 2 mile limit of the shoreline where you must have Coastal Commission approval to make improvements (yes, this is in addition to the county and city approvals). Coastal commission refused because I don’t know, tar or whatever. So jump to two years later, our friend sells his building to the daughter of Jerry Bruckheimer to run her Daddy’s Money Boutique out of. GUESS WHO PAVED THEIR PARKING LOT?? gosh however did that happen?
Fuck that… YOU’RE his boss.
That’s the part of the equation they need to be reminded of.
My wife’s job constantly reminds everyone in the library that the folks in town are their bosses and they are there due to the grace of the voters. It’s also one of the few libraries that aren’t unionized.
Huh – good for them!
My library is full of signs telling me that the extended operating hours are all thanks to the excess funds from the Twins stadium tax. So I guess we will never get rid of that tax because otherwise kids won’t have access to books anymore.
Non tetons, but have some Fugazi to tune-up your Tuesday .
Packers are making some guy named Beat-hard look like Joe Montana and Steve Young’s angry rival sex child.
Just do what Minnesoda does. Slap some surcharge taxes on shit like car insurance (which is mandatory) to fund police and firefighter pensions.
I know a fireman who was actually embarrassed when I was telling him how his pension is being funded. At first he denied it, but then when he looked it up, he agreed that it was beyond shameless to basically rob the taxpayers to fund his pension.
Sorry, I don’t speak Minnesodan.
???
I guess asking the cops and firefighters to self fund their pensions is too much to ask for.
When you have an ad blocker, The Press goes into gibberish mode.
make up for recent drops in revenue from long-standing taxes on auto and homeowners insurance policies
So what exactly caused that decrease? Premium rates went down? Less people paying?
Looks like their version of a paywall. I disabled my adblocker and was immediately bombarded by multiple popovers and eventually the un-Caesar ciphered version of the article.
If you want to cut even a dime of the vast sums of money being spent on people who aren’t working , you have to amend the constitution. To do that, there must be an affirmative vote of 2/3 of the House of Representatives and the Senate AND then be approved by a majority of voters on a special election ballot, most of whom do not pay the bulk of taxes.
Even if you should get that unicorn, I’ll guess that some judge (maybe even one who has a benefit in the outcome) will rule that the state can’t claw back any promised pensions despite that section being repealed.
I was kinda stunned the other day by senators not being held accountable for insider trading. That and SF’s ‘vaginal tomb’ is seared in my brain.
Can I get a link ?
One Link
Slowik: A south suburban superintendent is set to retire at age 56 with a $762K payout
Insanity.
WOW. I lost a bet on that one.
Hi
Dissolve the state. Poof, it’s obligations are null and void. Make it a territory without representation in Congress for 5 years. Readmit as a state.
The murder rate alone might do it for us.
* rubs hands together wistfully * Let’s see if I remember how this goes:
you can’t vote or run for office until you take this little oath we just drew up here; I’ll take that barn full of wheat over there; we’ll be melting down these old rails….you don’t need those; this here fellow can be your governor for a while and these several divisions of military will help him; hmm: that acreage there was used for foul purposes and is now forfeit. But at least we’ll be generous and off passage (in steerage, of course) of the entire population of Cook County to Ireland.
You want war with Ireland? Cause no way will they accept a 100% increase in their population made entirely of entitled proggies
“A Chinese live-streaming celebrity has been detained for five days for “insulting” the country’s national anthem.
Yang Kaili, a 20-year-old with tens of millions of followers, had appeared on camera singing the anthem while flailing her arms around.
The live-streaming platform, Huya, had earlier taken down her video and banned her channel.
Ms Yang, who is also known as Li Ge, has since publicly apologised.
The Shanghai Police Department said in a statement on Saturday that she had violated China’s National Anthem Law.
“The national anthem is a symbol of the country, all citizens should respect [it] and safeguard [its] dignity,” it said.
“Live-streaming platforms are not above the law – the law and moral standards similarly apply there.”
Under China’s National Anthem Law, which came into force last year, those who sing the anthem in a “distorted or disrespectful way” can be detained for up to 15 days.”
https://nypost.com/2018/10/15/chinese-social-media-star-detained-for-insulting-national-anthem/
Chinese Roseanne hardest hit.
Chinese Jimi Hendrix haz a sad.
Rodgers was on another level for the last 2 minutes of the game.
Damn
Woo-hoo!
Full disclosure: Mrs. Dean is a Packer shareholder.
I’d laugh at Illinois, but then I remember where I live.
Speaking of which, nice headline greeting me from my paper today.
https://ibb.co/iwmmi0
The govt delayed the increase from 8% to 10% (consumption tax) because, in their own words, it would hurt growth. Assholes. Next year it’s going up to 10%.
Oh yes, they all know that excessive taxes cause harm. Most of them just don’t fucking care, unless you’re contributing to their next campaign.
Even if you think the Laffer curve’s numbers were off, you still have to admit that you get diminishing revenue at some point of taxation. Amazing how they admit they don’t know the exact point, but they do know they haven’t reached it yet.
Christ. 8% is already high enough. Make it start May 1 for the Kōzeikin Era.
Sales tax is 10% here in my little bit of California.
If this thread has angered you, maybe some Brit lingo will help.
Sorry if this has been posted earlier.
Judas titty fucking Preist.
No wonder so many people in AZ are retired cops.
Damn. Well I hope the us doesn’t bail out such a shitty state.