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Thread: Why state governments are going broke:

  1. #1

    Thumbs down Why state governments are going broke:

    __________________________________________________ ________________
    "A politician will do almost anything to keep their job, even become a patriot" - Hearst



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  3. #2
    Quote Originally Posted by Matt Collins View Post
    Why state governments are going broke:
    They list:
    Pensions
    So how do you deal with that?
    (1) Eliminate pensions going forward
    (2) Shorten the payout period for existing recipients (wink wink)
    My choice of third person pronouns for myself is generally irrelevant. I'm not typically involved in the conversations that use them. It's other people referring to me in the third person, usually from a distance. I'm not a conversational partner in those exchanges. Those people could be referring to me as "That A$$hole" or "That Motherfukker" for all I know.

  4. #3
    Quote Originally Posted by Voluntarist View Post
    They list:


    So how do you deal with that?
    (1) Eliminate pensions going forward
    (2) Shorten the payout period for existing recipients (wink wink)
    Cut spending other places in order to keep the entitlements.
    __________________________________________________ ________________
    "A politician will do almost anything to keep their job, even become a patriot" - Hearst

  5. #4
    The blue states need to stay broke and have no aid sent to them.
    "Perhaps one of the most important accomplishments of my administration is minding my own business."

    Calvin Coolidge

  6. #5
    I’m just spitballin’ here so bear with me but I’d guess the facts that they’ve been allowed to grow way too big (or exist at all, but that’s another thread) and they spend more than they actually take in might, just maybe, have something to do with it.

    Just a thought.
    Chris

    "Government ... does not exist of necessity, but rather by virtue of a tragic, almost comical combination of klutzy, opportunistic terrorism against sitting ducks whom it pretends to shelter, plus our childish phobia of responsibility, praying to be exempted from the hard reality of life on life's terms." Wolf DeVoon

    "...Make America Great Again. I'm interested in making American FREE again. Then the greatness will come automatically."Ron Paul

  7. #6
    Quote Originally Posted by Matt Collins View Post
    Cut spending other places in order to keep the entitlements.
    I forgot about that one, it's already happened and is still happening.Actually, it's a case of state funding to the cities being legally intercepted to pay pensions

    September 19, 2019: East St. Louis faces interception of state funds for $2.2M pension debt
    The Illinois Comptroller’s office late Sept. 17 received a request to halt state funds to the city of East St. Louis until it pays $2.2 million owed to its firefighters pension fund. That’s the total amount the city shorted the fund in fiscal years 2017 and 2018, according to a letter from the pension fund’s lawyers.

    East St. Louis is the fourth Illinois city to face state funding interception since that remedy first became available to pension systems in 2018, said Abdon Pallasch, spokesman for Illinois Comptroller Susana Mendoza. The others are Harvey, North Chicago and Chicago.
    December 3, 2023: East St. Louis in financial turmoil, city at risk of layoffs and payless paydays
    The crisis was brought on by the city’s failure to keep up with payments to the East St. Louis police and firefighters pension funds. Now the city is on the hook for more than $7 million in past-due

    The pension boards, meanwhile, have struck back hard. They voted to ask the Illinois Comptroller to intercept state funds bound for East St. Louis and instead direct that money to the pensions.

    The problem is that East St. Louis uses funds for operations to run departments like police and fire. Neither the mayor nor the city manager would comment on camera.

    The You Paid For Team talked to Councilman Ryan Cason. He says, “Ahh, [we] may have to close our door. Payless paydays, possible job cuts, it would be unfortunate for the city to not have a police department and fire department to go out and help save lives.”
    February 6, 2024: IL should divert state money from East St. Louis to fund police, fire pensions, boards say
    The East St. Louis Police and Fire Pension Boards plan to ask the Illinois comptroller to seize state money allocated to the city government and use it to help fund their pensions.

    The city government has not contributed to the pension funds since September. East St. Louis already had been behind in funding the pensions by millions of dollars when it stopped its contributions, officials said.

    City Manager Robert Betts said intercepting roughly $7 million in state money and shifting it to the pension funds would be devastating for the city, triggering layoffs and cuts in services. “The city is bracing itself for the intercept,” he told the BND.
    My choice of third person pronouns for myself is generally irrelevant. I'm not typically involved in the conversations that use them. It's other people referring to me in the third person, usually from a distance. I'm not a conversational partner in those exchanges. Those people could be referring to me as "That A$$hole" or "That Motherfukker" for all I know.

  8. #7
    Lets attempt to summarize their entire $#@!ing problem in FOUR WORDS:

    THEY DEBASED OUR CURRENCY.
    1776 > 1984

    The FAILURE of the United States Government to operate and maintain an
    Honest Money System , which frees the ordinary man from the clutches of the money manipulators, is the single largest contributing factor to the World's current Economic Crisis.

    The Elimination of Privacy is the Architecture of Genocide

    Belief, Money, and Violence are the three ways all people are controlled

    Quote Originally Posted by Zippyjuan View Post
    Our central bank is not privately owned.

  9. #8
    OK , if you create a state job w/ pension and retirement requirement you already knew about cost of . Money was to be put back . Its been spent, so stolen from taxpayer to be given a different project expecting to go back and steal from taxpayer again.Not be allowed in my state.
    Do something Danke



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  11. #9
    Have you ever had your garage broken into by a THIEF that comes along two days later and gives whatever they stole back to you because they dont need it any more? Yeah, thats EVERY FORM OF GOVT in a nutshell.

    TAXATION IS THEFT.

    Once they steal it from you, they have ZERO INCLINATION to return that which they have stolen.
    1776 > 1984

    The FAILURE of the United States Government to operate and maintain an
    Honest Money System , which frees the ordinary man from the clutches of the money manipulators, is the single largest contributing factor to the World's current Economic Crisis.

    The Elimination of Privacy is the Architecture of Genocide

    Belief, Money, and Violence are the three ways all people are controlled

    Quote Originally Posted by Zippyjuan View Post
    Our central bank is not privately owned.



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