Godlike Productions - Conspiracy Forum
Users Online Now: 2,426 (Who's On?)Visitors Today: 1,354,373
Pageviews Today: 1,904,179Threads Today: 483Posts Today: 10,499
04:36 PM


Rate this Thread

Absolute BS Crap Reasonable Nice Amazing
 

PIIGS In America: Is Illinois Preparing To Request A Federal Bailout?!?!?

 
Saddletramp
We Don't Rent Pigs...

User ID: 812002
United States
09/21/2012 04:41 PM

Report Abusive Post
Report Copyright Violation
PIIGS In America: Is Illinois Preparing To Request A Federal Bailout?!?!?
They won't be the only one...

From Zerohedge.com

PIIGS In America: Is Illinois Preparing To Request A Federal Bailout?!?!?

Moments ago we saw the following amusing headline crossing the BBG:

•ILLINOIS TEACHERS' PENSION FUND CUTS RATE OF RETURN TO 8% FROM 8.5%

It's amusing because these are the same teachers who were demanding, and received, higher pay - 17% higher over four years in fact - following a several day strike. It is even more amusing considering that in a fiscal year in which we saw QE2, Operation Twist 1 and 2, and LTRO 1 and 2, the nation's largest pension fund, Calpers, managed to eek out a measly 1% gain (and this is including the end of June surge following the then announced European bailout which turned out to be yet another dud). It is, however sadly, most amusing, because it may be a harbinger of something truly sad: the advent of the "PIIG bailout" to America, when a US state demands a Federal bailout. We have seen how eager Europe has been to bailout its insolvent nations. We are next about to see just how "united" the US is when its own solidarity is tested as state after state repeat the European bailout experience. But hey: at least we have the dollar so all should be well...


Read More: [link to www.zerohedge.com]

Welcome to the Third World U.S.A?...

ochange
"And how can a man die better than facing fearful odds, for the ashes of his fathers, and the temples of his Gods..." ~ Horatius

"Because he told the truth, and once you've heard the truth, everything else is just cheap whiskey..."
Saddletramp (OP)
We Don't Rent Pigs...

User ID: 736969
United States
09/21/2012 06:09 PM

Report Abusive Post
Report Copyright Violation
Re: PIIGS In America: Is Illinois Preparing To Request A Federal Bailout?!?!?
The amount of debt and unfunded liabilities held by our states is stunning. Unbelievable...
"And how can a man die better than facing fearful odds, for the ashes of his fathers, and the temples of his Gods..." ~ Horatius

"Because he told the truth, and once you've heard the truth, everything else is just cheap whiskey..."
Anonymous Coward
User ID: 23951448
United States
09/21/2012 06:17 PM
Report Abusive Post
Report Copyright Violation
Re: PIIGS In America: Is Illinois Preparing To Request A Federal Bailout?!?!?
it's sad, but pensions are breaking our states
Anonymous Coward
User ID: 23011194
United States
09/21/2012 06:23 PM
Report Abusive Post
Report Copyright Violation
Re: PIIGS In America: Is Illinois Preparing To Request A Federal Bailout?!?!?
And USPS will prolly miss their second $5.5 billion dollar payment this month. Then what? A bailout for them also? where will it end?
Anonymous Coward
User ID: 12042051
United States
09/21/2012 06:28 PM
Report Abusive Post
Report Copyright Violation
Re: PIIGS In America: Is Illinois Preparing To Request A Federal Bailout?!?!?
it's sad, but pensions are breaking our states
 Quoting: Anonymous Coward 23951448


NO, I think it's government's reckless spending! AND I can't believe what government workers make and also those that work for the UofI. OVER-PAID compared to other positions. That's poor planning. Those times are fast disappearing.
Anonymous Coward
User ID: 12042051
United States
09/21/2012 06:30 PM
Report Abusive Post
Report Copyright Violation
Re: PIIGS In America: Is Illinois Preparing To Request A Federal Bailout?!?!?
And USPS will prolly miss their second $5.5 billion dollar payment this month. Then what? A bailout for them also? where will it end?
 Quoting: Anonymous Coward 23011194


Yeah, exorbitant pay for most government employees and when they were making a profit, they threw their lavish parties. Because of the internet, they no longer sell the postage they used to.
Herman The Kid

User ID: 17951882
United States
09/21/2012 06:32 PM
Report Abusive Post
Report Copyright Violation
Re: PIIGS In America: Is Illinois Preparing To Request A Federal Bailout?!?!?
Here in Alabama, Jefferson County (Birmingham area) is broke and full of corrupt lying murders in office-no exaggeration. They are broke as crap and will be on the bandwagon.

It's going to domino. Local talk radio has been talking about this for months, especially after the several Cali towns filed.

Let's just give Obama the keys to our homes and get it over with, right?
You m-m-m-muh-make me HAAA-PEEE.

Psalm 34:14 - Depart from evil, and do good; seek peace, and pursue it.

Romans 5:8 - But God commendeth his love toward us, in that, while we were yet sinners, Christ died for us.
Desert FoxModerator
Senior Forum Moderator

User ID: 8786935
United States
09/21/2012 06:35 PM

Report Abusive Post
Report Copyright Violation
Re: PIIGS In America: Is Illinois Preparing To Request A Federal Bailout?!?!?
No amount of bail outs will be spared to keep the unions happy. The same applies to the food stamp and welfare programs. Illinois is as screwed as California is.
TOMABANEFOX
It's more humane this way ya know.
Herman The Kid

User ID: 17951882
United States
09/21/2012 06:36 PM
Report Abusive Post
Report Copyright Violation
Re: PIIGS In America: Is Illinois Preparing To Request A Federal Bailout?!?!?
Here in Alabama, Jefferson County (Birmingham area) is broke and full of corrupt lying murders in office-no exaggeration. They are broke as crap and will be on the bandwagon.

It's going to domino. Local talk radio has been talking about this for months, especially after the several Cali towns filed.

Let's just give Obama the keys to our homes and get it over with, right?
 Quoting: Herman The Kid


EDIT TO ADD:

Thread: Obama is Going to Win This Election. Alabama Just Proved It.

I posted this thread a short while back to show how this RED state is really as...disgusting as the leaders and crook inhabitants.

We voted 2 to 1 to rob ourselves to spend money that we already spent on BS-with NO payback provision. And the bill was premised on the lie that money already "borrowed" from the trust fund would be paid back that has not and will never be.

Google the language of the bill. It's disgusting.
You m-m-m-muh-make me HAAA-PEEE.

Psalm 34:14 - Depart from evil, and do good; seek peace, and pursue it.

Romans 5:8 - But God commendeth his love toward us, in that, while we were yet sinners, Christ died for us.
Desert FoxModerator
Senior Forum Moderator

User ID: 8786935
United States
09/21/2012 06:37 PM

Report Abusive Post
Report Copyright Violation
Re: PIIGS In America: Is Illinois Preparing To Request A Federal Bailout?!?!?
Here in Alabama, Jefferson County (Birmingham area) is broke and full of corrupt lying murders in office-no exaggeration. They are broke as crap and will be on the bandwagon.

It's going to domino. Local talk radio has been talking about this for months, especially after the several Cali towns filed.

Let's just give Obama the keys to our homes and get it over with, right?
 Quoting: Herman The Kid


Jefferson county was just fine before the current shade of officials took over a few years back, remember?
TOMABANEFOX
It's more humane this way ya know.
7779761
User ID: 7779761
United States
09/21/2012 06:37 PM
Report Abusive Post
Report Copyright Violation
Re: PIIGS In America: Is Illinois Preparing To Request A Federal Bailout?!?!?
I live in Illinois, and this is No surprise. They can't even pay their state workers, let alone medic Medicaid bills.

huffy
Anonymous Coward
User ID: 23474224
Portugal
09/21/2012 06:41 PM
Report Abusive Post
Report Copyright Violation
Re: PIIGS In America: Is Illinois Preparing To Request A Federal Bailout?!?!?
Welcome to the Third World U.S.A?...

 Quoting: Saddletramp


Go "!#!"#$ yourself, you American !"#$% bag. What makes you think that struggling with finances makes us part of the third world ?

We may be struggling, but you will have to remember that your grand grand parents were still commiting all sorts of crimes in europe before they even thought of creating the mass genocide you call USA, and we were already a world empire. Keep this in mind you xenophobic moron, because all empires fall, sooner or later.

Oh and at least our government still allows poor people into hospitals.
I heard in there poor people are dying at the doors.
Who is in the third world after all ?
Anonymous Coward
User ID: 6739256
United States
09/21/2012 06:41 PM
Report Abusive Post
Report Copyright Violation
Re: PIIGS In America: Is Illinois Preparing To Request A Federal Bailout?!?!?
This state is a liberal shit hole,


I hate it with all my might,


And HELLinois has a solution to the problem of people voting with their feet and moving away,


the Lib Tard controlled government made the economy so bad that it is now next to impossible to sell a house in this fucking state.
Herman The Kid

User ID: 17951882
United States
09/21/2012 06:41 PM
Report Abusive Post
Report Copyright Violation
Re: PIIGS In America: Is Illinois Preparing To Request A Federal Bailout?!?!?
Here in Alabama, Jefferson County (Birmingham area) is broke and full of corrupt lying murders in office-no exaggeration. They are broke as crap and will be on the bandwagon.

It's going to domino. Local talk radio has been talking about this for months, especially after the several Cali towns filed.

Let's just give Obama the keys to our homes and get it over with, right?
 Quoting: Herman The Kid


Jefferson county was just fine before the current shade of officials took over a few years back, remember?
 Quoting: Desert Fox


I do. This is true: My dad lost a bid for the sewer projects in the '80's that had the FBI in Birmingham for years. The guy that got the bid (and his brother) were found shot execution-style.

Richard Arrington was one of the most successful crooks in the history of this country.
You m-m-m-muh-make me HAAA-PEEE.

Psalm 34:14 - Depart from evil, and do good; seek peace, and pursue it.

Romans 5:8 - But God commendeth his love toward us, in that, while we were yet sinners, Christ died for us.
Saddletramp (OP)
We Don't Rent Pigs...

User ID: 736969
United States
09/21/2012 06:42 PM

Report Abusive Post
Report Copyright Violation
Re: PIIGS In America: Is Illinois Preparing To Request A Federal Bailout?!?!?
New Jersy, Michigan, Illinois, California...the list goes on and on, they've been bailing them out with Federal grants for years now, and nothing has changed...

So when do we kick their asses to the curb?!?!?
"And how can a man die better than facing fearful odds, for the ashes of his fathers, and the temples of his Gods..." ~ Horatius

"Because he told the truth, and once you've heard the truth, everything else is just cheap whiskey..."
Anonymous Coward
User ID: 12786780
Canada
09/21/2012 06:42 PM
Report Abusive Post
Report Copyright Violation
Re: PIIGS In America: Is Illinois Preparing To Request A Federal Bailout?!?!?
ZEROHEDGE= FAIL, over and over and over again.
Anonymous Coward
User ID: 23230121
United States
09/21/2012 06:43 PM
Report Abusive Post
Report Copyright Violation
Re: PIIGS In America: Is Illinois Preparing To Request A Federal Bailout?!?!?
Before Illinois gets a bailout, I think the states comprehensive annual financial report (CAFR) needs a forensic accountant to examine.

Watch and understand!




Saddletramp (OP)
We Don't Rent Pigs...

User ID: 736969
United States
09/21/2012 06:43 PM

Report Abusive Post
Report Copyright Violation
Re: PIIGS In America: Is Illinois Preparing To Request A Federal Bailout?!?!?
Thanks for the pin...

hf
"And how can a man die better than facing fearful odds, for the ashes of his fathers, and the temples of his Gods..." ~ Horatius

"Because he told the truth, and once you've heard the truth, everything else is just cheap whiskey..."
Anonymous Coward
User ID: 23941422
United States
09/21/2012 06:43 PM
Report Abusive Post
Report Copyright Violation
Re: PIIGS In America: Is Illinois Preparing To Request A Federal Bailout?!?!?
I live in Illinois, and this is No surprise. They can't even pay their state workers, let alone medic Medicaid bills.

huffy
 Quoting: 7779761 7779761



Cook County aka City of Chicago and their Unions have busted the Land of Obama.
Anonymous Coward
User ID: 6739256
United States
09/21/2012 06:44 PM
Report Abusive Post
Report Copyright Violation
Re: PIIGS In America: Is Illinois Preparing To Request A Federal Bailout?!?!?
The amount of debt and unfunded liabilities held by our states is stunning. Unbelievable...
 Quoting: Saddletramp



Crooked'est State in the country, that is being run by the crooked'est City in the country,


The Chicago liberal mafia drove Chicago into the ground, it drove Hellinois into the ground,


and we sent Obongo off to DC to the same for the entire country,
shenandoah
User ID: 2636202
United States
09/21/2012 06:44 PM
Report Abusive Post
Report Copyright Violation
Re: PIIGS In America: Is Illinois Preparing To Request A Federal Bailout?!?!?
it's sad, but pensions are breaking our states
 Quoting: Anonymous Coward 23951448


All those bureaucrats are over-paid and over-compensated. The same fat cats getting those cushy pensions will also apply for and GET "Social Security" checks.
Anonymous Coward
User ID: 23623113
United States
09/21/2012 06:46 PM
Report Abusive Post
Report Copyright Violation
Re: PIIGS In America: Is Illinois Preparing To Request A Federal Bailout?!?!?
Northwestern U did a study of state pensions in IL. It said the pension funds would be depleted in 2018, at which time pension obligations would cost the state 14 billion each year out of the general fund.

The total state budget is 33.7 billion for 2013.
[link to www2.illinois.gov]

How in the hell is the state going to come up with that money,, when it is already carrying a 14 billion debt that it can't pay down, and is not supposed to have according to the state constitution?

The total unfunded debt and pension liability for Illinois, according to a recent Chicago Tribune article, is 200 billion.
I gotta get out of her soon, before the whole thing collapses.
Anonymous Coward
User ID: 23623113
United States
09/21/2012 06:46 PM
Report Abusive Post
Report Copyright Violation
Re: PIIGS In America: Is Illinois Preparing To Request A Federal Bailout?!?!?
Trib story:
[link to articles.chicagotribune.com]
Anonymous Coward
User ID: 6739256
United States
09/21/2012 06:53 PM
Report Abusive Post
Report Copyright Violation
Re: PIIGS In America: Is Illinois Preparing To Request A Federal Bailout?!?!?
The deficit for the CROOK County was reported about a year ago at 100 BILLION DOLLARS,

I thought to myself, How the fuck did a Single county run up a 100 BILLION in Debt,

and then a few months back the debt was reported at 130 BILLION DOLLARS,

They ran up the debt by 30 BILLION dollars in a a few months,


Where the fuck is all this money going? And how is it being run up so fast?




Northwestern U did a study of state pensions in IL. It said the pension funds would be depleted in 2018, at which time pension obligations would cost the state 14 billion each year out of the general fund.

The total state budget is 33.7 billion for 2013.
[link to www2.illinois.gov]

How in the hell is the state going to come up with that money,, when it is already carrying a 14 billion debt that it can't pay down, and is not supposed to have according to the state constitution?

The total unfunded debt and pension liability for Illinois, according to a recent Chicago Tribune article, is 200 billion.
I gotta get out of her soon, before the whole thing collapses.
 Quoting: Anonymous Coward 23623113
Desert FoxModerator
Senior Forum Moderator

User ID: 8786935
United States
09/21/2012 06:53 PM

Report Abusive Post
Report Copyright Violation
Re: PIIGS In America: Is Illinois Preparing To Request A Federal Bailout?!?!?
Welcome to the Third World U.S.A?...

 Quoting: Saddletramp


Go "!#!"#$ yourself, you American !"#$% bag. What makes you think that struggling with finances makes us part of the third world ?

We may be struggling, but you will have to remember that your grand grand parents were still commiting all sorts of crimes in europe before they even thought of creating the mass genocide you call USA, and we were already a world empire. Keep this in mind you xenophobic moron, because all empires fall, sooner or later.

Oh and at least our government still allows poor people into hospitals.
I heard in there poor people are dying at the doors.
Who is in the third world after all ?
 Quoting: Anonymous Coward 23474224


You are correct, we figured out that it was cheaper to kill them at the door than to treat them and send them out to continue to drain the system drawing welfare and food stamps. So, stay in your wonderful empire as you call it, how-ever, I have been to your country, and it is no heaven believe me.

Last Edited by Desert Fox on 09/21/2012 06:53 PM
TOMABANEFOX
It's more humane this way ya know.
7779761
User ID: 7779761
United States
09/21/2012 06:53 PM
Report Abusive Post
Report Copyright Violation
Re: PIIGS In America: Is Illinois Preparing To Request A Federal Bailout?!?!?
I live in Illinois, and this is No surprise. They can't even pay their state workers, let alone medic Medicaid bills.

huffy
 Quoting: 7779761 7779761



Cook County aka City of Chicago and their Unions have busted the Land of Obama.
 Quoting: Anonymous Coward 23941422


Yea right. What sucks is that I don't even live in the people's republic of cook county, I live down state, but we still feel the effects. 1doh1
Desert FoxModerator
Senior Forum Moderator

User ID: 8786935
United States
09/21/2012 06:55 PM

Report Abusive Post
Report Copyright Violation
Re: PIIGS In America: Is Illinois Preparing To Request A Federal Bailout?!?!?
The deficit for the CROOK County was reported about a year ago at 100 BILLION DOLLARS,

I thought to myself, How the fuck did a Single county run up a 100 BILLION in Debt,

and then a few months back the debt was reported at 130 BILLION DOLLARS,

They ran up the debt by 30 BILLION dollars in a a few months,


Where the fuck is all this money going? And how is it being run up so fast?




Northwestern U did a study of state pensions in IL. It said the pension funds would be depleted in 2018, at which time pension obligations would cost the state 14 billion each year out of the general fund.

The total state budget is 33.7 billion for 2013.
[link to www2.illinois.gov]

How in the hell is the state going to come up with that money,, when it is already carrying a 14 billion debt that it can't pay down, and is not supposed to have according to the state constitution?

The total unfunded debt and pension liability for Illinois, according to a recent Chicago Tribune article, is 200 billion.
I gotta get out of her soon, before the whole thing collapses.
 Quoting: Anonymous Coward 23623113

 Quoting: Anonymous Coward 6739256

Check out the demographics and get back to me.
TOMABANEFOX
It's more humane this way ya know.
Anonymous Coward
User ID: 6739256
United States
09/21/2012 06:58 PM
Report Abusive Post
Report Copyright Violation
Re: PIIGS In America: Is Illinois Preparing To Request A Federal Bailout?!?!?
Anonymous Coward
User ID: 9943244
United States
09/21/2012 07:03 PM
Report Abusive Post
Report Copyright Violation
Re: PIIGS In America: Is Illinois Preparing To Request A Federal Bailout?!?!?
I just read on another forum about how one retired school administrator in Illinois is getting an (estimated) $26 million dollar pension . Not sustainable.
Skin Suit

User ID: 22870849
United States
09/21/2012 07:05 PM
Report Abusive Post
Report Copyright Violation
Re: PIIGS In America: Is Illinois Preparing To Request A Federal Bailout?!?!?
PIIGS.

Pennsylvania, Illinois, Indiana, Georgia, and South Carolina.?
Anonymous Coward
User ID: 23254168
United States
09/21/2012 07:10 PM
Report Abusive Post
Report Copyright Violation
Re: PIIGS In America: Is Illinois Preparing To Request A Federal Bailout?!?!?
The amount of debt and unfunded liabilities held by our states is stunning. Unbelievable...
 Quoting: Saddletramp


Not INDIANA we have a surplus!!!!!!!!!!!!!!!
Thanks Mitch

News