Article

2010-07-14 Economy

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Posted by GolfBravoUSMC 2010-07-14 10:42|| || Front Page|| [11128 views ] Top

#1 This can't end well.

Posted by Bright Pebbles 2010-07-14 10:46|| 2010-07-14 10:46|| Front Page Top

#2 So how do they propose to pay off the debt? The king has more moves on the chessboard, but the game is already over. Greece across the Pond.

Posted by Alaska Paul 2010-07-14 11:30|| 2010-07-14 11:30|| Front Page Top

#3 "This ~~can't~~ won't end well."

Especially for the Illinois taxpayers.

Posted by Mullah Richard 2010-07-14 11:36|| 2010-07-14 11:36|| Front Page Top

#4 The thought of SPENDING LESS hasn't even crossed their minds yet, has it?

Posted by bigjim-CA 2010-07-14 12:58|| 2010-07-14 12:58|| Front Page Top

#5 Blago did this once already and the interest payments are killing us. Agreed, this won't end well. I think our public pensions are guaranteed by the state constitution, so we can't even cut them.

Posted by Steve White 2010-07-14 13:01|| 2010-07-14 13:01|| Front Page Top

#6 Iowa and Indiana aren't doing too poorly, Steve (if you're looking for a 'change of venue').

Posted by Mullah Richard 2010-07-14 13:52|| 2010-07-14 13:52|| Front Page Top

#7 I think our public pensions are guaranteed by the state constitution, so we can't even cut them.

Does that mean states are required to sell off everything to pay for them? Seems to me that there ought to be some way out. This is insane what they have to do. I don't think the laws should be a suicide pact.

Posted by gorb 2010-07-14 14:01|| 2010-07-14 14:01|| Front Page Top

#8 The Illinois constitution can't be amended?

Posted by Procopius2k 2010-07-14 18:00|| 2010-07-14 18:00|| Front Page Top

#9 #4: The thought of SPENDING LESS hasn't even crossed their minds yet, has it? Posted by: bigjim-CA|

The idea (Spending less) and the reality (politician) are mutually incompatible, especially with politicians in the Democratic Party, or in states such as Illinois, New York, Massachusetts, and California. The only way to get them to change is to grab a few dozen of them and make them guests of honor at an old-fashioned necktie party. Nothing short of their own survival will force them to change. It's a shame our nation has come to this, but we're there, and maybe too far in for any change that doesn't require large numbers of (human) sacrifices.

Posted by Old Patriot 2010-07-14 19:28|| 2010-07-14 19:28|| Front Page Top

#10 Just two weeks after Illinois Gov. Pat Quinn chopped $1.4 billion from the budget,

They did cut. Quite a bit, in fact. But sadly, not nearly enough.

Posted by trailing wife 2010-07-14 21:25|| 2010-07-14 21:25|| Front Page Top

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