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2020-04-26 Home Front: Politix
Chicago Tribune blasts Illinois Senate's 'rotten' request for $41.6B federal bailout as 'shameless'
[FOXNEWS] The editorial board of the Chicago Tribune has repeatedly slammed the Illinois Senate's request for a whopping $41.6 billion federal bailout as the state's financial troubles continue to grow amid the coronavirus (aka COVID19 or Chinese Plague)
...the twenty first century equivalent of bubonic plague, only instead of killing off a third of the population of Europe it kills 3.4 percent of those who notice they have it. It seems to be fond of the elderly, especially Iranian politicians and holy men...
outbreak.

"Let’s stipulate that Don Harmon, rookie president of the Illinois Senate, laid a rotten egg with his recent letter asking members of Congress to give Illinois a $40.6 billion bequest. Assorted politicians and pundits have scorned Harmon’s inclusion of a $10 billion pension bailout, as if a sudden pandemic created a pension crisis that, in fact, Harmon and his fellow Springfield politicians spent decades creating," the editorial board began a piece on Friday. "We called Harmon’s request shameless and dishonest. His 'ask' was roundly criticized and, we would bet, part of the reason Senate Majority Leader Mitch McConnell rejected the idea of state bailouts in a recent radio interview."

The Tribune editorial board agreed with McConnell that states should solve the problems they created and added that "taxpayers across the country should not be responsible for Illinois’ financial mismanagement and particularly its unfunded pension liabilities."

"It also helped expose Illinois Democrats’ agenda for 2020. While asking for a federal bailout, they have shown no movement toward cutting spending or removing from the November ballot a constitutional amendment that eventually will mean higher income taxes for millions of Illinois taxpayers," the board elaborated.

Posted by Fred 2020-04-26 00:00|| || Front Page|| [8 views ]  Top

#1 Absolutely nothing in the federalist canon puts me on the hook for contracts I didn't enter into.
Posted by M. Murcek 2020-04-26 00:58||   2020-04-26 00:58|| Front Page Top

#2 A $40.6 billion 'request'? Trump should send them $40.60, all in pennies.
Posted by Raj 2020-04-26 07:04||   2020-04-26 07:04|| Front Page Top

#3 So taxpayers in states who didn’t make promises they couldn’t keep should bail out those who did? Don’t think so.
Posted by Alistaire Tingle9882 2020-04-26 08:23||   2020-04-26 08:23|| Front Page Top

#4 ^ Right. I didn't vote for that and I'm not a part to that contract. Fuck them.
Posted by M. Murcek 2020-04-26 09:21||   2020-04-26 09:21|| Front Page Top

#5 I can hear the Machine's counterargument now: "But we had it all under control until we had to close everything down and couldn't siphon off all those pension contributions from wages. So it's Trump's (oops, sorry - old habits) COVID-19's fault."
Posted by Mrcutio 2020-04-26 09:45||   2020-04-26 09:45|| Front Page Top

#6 Some quarantine cultist is spraining his neck muscles right now nodding affirmative.
Posted by M. Murcek 2020-04-26 10:25||   2020-04-26 10:25|| Front Page Top

#7  States Should Not Receive Bankruptcy Protection according to McConnell--National Review.

What causes these bankruptcies?

1. Unfunded liabilities in its pension system.
2. Many cities and states mismanaged into ruin.
3. Political self-dealing by politicians; benefits to special interest groups for election and re-election votes (quid pro quo).

The Swamp exists in the Federal government but extends into the states as well. Swamp draining is difficult.
Posted by JohnQC 2020-04-26 10:54||   2020-04-26 10:54|| Front Page Top

#8 I think we have come to realize that the Swamp is just way too big, Everglades-big, and just about every sector of [US] government is infested with these swamp rats. Even Trump's inner circle was infiltrated ("Anonymous").
Posted by Clem 2020-04-26 11:03||   2020-04-26 11:03|| Front Page Top

#9 Actually I think a bankruptcy now is a good idea. It would force a reckoning with reality.

As opposed to a bailout of at least $41.6B, and probably much more, from the next liberal Democratic Presidency (which you know is coming sooner or later.)
Posted by Tom 2020-04-26 16:49||   2020-04-26 16:49|| Front Page Top

20:47 SteveS
20:34 Lord Garth
19:56 swksvolFF
19:51 Procopius2k
19:04 M. Murcek
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18:56 SteveS
18:51 SteveS
18:25 Ululating Platypus
18:22 Lord Garth
17:54 Gliling tse Tung9582
16:49 Abu Uluque
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