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Illinois Careens Into Financial Meltdown

Discuss issues related to business, finance, taxes, investments, cost of living in different countries, etc.

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Illinois Careens Into Financial Meltdown

Postby Taco » June 22nd, 2017, 3:46 am

When publicly elected officials start telling the truth you know there's a big problem...

Illinois Governor: “We’re Like a Banana Republic”

Illinois Careens Into Financial Meltdown
http://www.foxnews.com/politics/2017/06/20/illinois-careens-into-financial-meltdown-and-not-even-lottery-is-safe.html

Could Illinois be the first state to file for bankruptcy?
http://www.cbsnews.com/news/could-illinois-be-the-first-state-to-file-for-bankruptcy/

Illinois is facing bankruptcy and a junk-bond level credit rating crisis
http://www.businessinsider.com/illinois-bankruptcy-crisis-2017-6
“Every time a President leaves the White House after two terms, there is a recession within the next year"
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Re: Illinois Careens Into Financial Meltdown

Postby Contrarian Expatriate » June 22nd, 2017, 7:52 am

First Puerto Rico, now Illinois.

The Great American Reset is underway!!!!
Feel free to visit my sites and to leave your respected words of wisdom:

http://thedeclineofmyamerica.blogspot.com/

http://www.youtube.com/user/ContrarianExpatriate
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Re: Illinois Careens Into Financial Meltdown

Postby Cornfed » June 22nd, 2017, 8:22 am

That there are so many blacks in Chicongo etc. is no doubt a large part of the problem. Keeping blacks as pets is an expensive hobby. Same with baby boomers. Blacks and Boomers are the white elephants of America.
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Re: Illinois Careens Into Financial Meltdown

Postby Taco » June 22nd, 2017, 11:09 am

Cornfed wrote:Baby boomers are an expensive hobby.


That's true. Just ask the CEO of any pension company.

China, Japan, Europe, Australia and North America all have too many old people. Retired people spend 37% less and they don't pay taxes which will crash the economy.

While your waiting for that to happen you can buy a time share in Cook County...

Illinois Comptroller: "The State Can No Longer Function"
http://www.zerohedge.com/news/2017-06-20/illinois-comptroller-state-can-no-longer-function-we-have-reached-new-phase-crisis

Illinois State Senator Pushes Bill Allowing Government To Confiscate Guns Without Due Process
http://www.zerohedge.com/news/2017-03-09/illinois-state-senator-pushes-bill-allowing-government-confiscate-guns-without-due-p

Illinois Most Violent Cities Ranked
https://rebootillinois.com/2016/11/17/illinois-cities-violent-crime-rates/

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Re: Illinois Careens Into Financial Meltdown

Postby Taco » June 25th, 2017, 6:40 am

Most people are inclined to believe that Illinois is an isolated case of financial mismanagement, they would be wrong. Its very likely Colorado and Washington state would be bankrupt by now if they had not legalized marijuana several years ago. Its a huge money maker that pays all the state salaries and pensions.

7 States That Legalized Marijuana
http://www.businessinsider.com/where-is-marijuana-legal-2016-11
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Re: Illinois Careens Into Financial Meltdown

Postby jamesbond » June 25th, 2017, 9:19 pm

There are more people leaving Illinois than any other state. Also, there are more people moving out of Cook county (where Chicago is located) than any other county in the country.

No wonder why, Chicago has the highest murder rate of any city in the country. Also, Chicago has the highest sales tax rate of any city in the country and the highest parking fees of any city in the country. Illinois also has the second highest property tax rate of any state in the country. :shock:
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Re: Illinois Careens Into Financial Meltdown

Postby Taco » June 29th, 2017, 12:31 am

jamesbond wrote:No wonder why, Chicago has the highest murder rate of any city in the country.


I'd rather live in Chicago than New Orleans.

America's Most Dangerous Cities
https://www.statista.com/chart/9931/americas-most-dangerous-cities/

Image

here's a chart of Illinois's credit rating

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Re: Illinois Careens Into Financial Meltdown

Postby Taco » July 5th, 2017, 11:01 pm

Over 100 People Shot over 4th of July Weekend in Failing City of Chicago
https://offgridsurvival.com/illinoiscollapsechicagoshootings/

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Re: Illinois Careens Into Financial Meltdown

Postby Taco » July 7th, 2017, 7:27 pm

For those of you that think Illinois is an isolated case of financial mismanagement its not. America will be a third world country soon.

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Re: Illinois Careens Into Financial Meltdown

Postby jamesbond » July 9th, 2017, 8:30 am

The Illinois legislature just overrode the governors veto and voted to increase the individual income tax from 3.75% to 4.95%. Also, they raised the corporate tax rate from 5% to 7%.

Also, Illinois has the highest property taxes in America. Illinois already has the most people leaving than any other state in the country, just wait until these tax increases go into effect next year. :shock:
"When I think about the idea of getting involved with an American woman, I don't know if I should laugh .............. or vomit!"

"Trying to meet women in America is like trying to decipher Egyptian hieroglyphics."
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Re: Illinois Careens Into Financial Meltdown

Postby Taco » July 12th, 2017, 6:58 am

I suggest avoiding the states that are dark orange...

5 Charts That Explain Just How Screwed Your State Is
http://www.zerohedge.com/news/2017-07-11/5-charts-explain-just-how-screwed-your-state

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Re: Illinois Careens Into Financial Meltdown

Postby Taco » August 10th, 2017, 1:26 am

Over 3,000 millionaires have fled Chicago in recent months.

This is the largest outflow of wealthy people from any US city right now. It’s also one of the largest outflows of wealthy people in the world. Every five minutes someone leaves Illinois.

This $5 Trillion Time Bomb Will Devastate Americans
http://www.zerohedge.com/news/2017-08-09/5-trillion-time-bomb-will-devastate-americans

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Re: Illinois Careens Into Financial Meltdown

Postby jamesbond » August 13th, 2017, 3:40 am

Taco wrote:Every five minutes someone leaves Illinois.


Abraham Lincoln would be rolling over in his grave if he knew what was going on with Illinois today! :shock:
"When I think about the idea of getting involved with an American woman, I don't know if I should laugh .............. or vomit!"

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