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Illinois Democrats Seek To Tax Their Way Out Of Fiscal Mess
2015 May 28, 6:55am 29,538 views 73 comments
by zzyzzx follow (9)
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Red States know about operating low/no tax budgets.
http://www.theatlantic.com/politics/archive/2015/04/kansass-failed-experiment/389874/
Strategist
@
2015 May 28, 7:36am
More than 5,000 teachers and other education officials get annual pensions that top $100,000, and many retire at age 60.
I wonder what our friend Marcus has to say about that? 70 year old widows working at Burger King paying for these pensions. Of those teachers getting $100K+ pensions, I bet most are useless teachers who cannot get fired, because of union rules.
tatupu70
@
2015 May 28, 7:45am
I wonder what our friend Marcus has to say about that? 70 year old widows working at Burger King paying for these pensions. Of those teachers getting $100K+ pensions, I bet most are useless teachers who cannot get fired, because of union rules.
Give me a break. 70 year old widows working at Burger King are also paying the salary of the billionaire CEOs. If you want to get mad, focus your anger at the administrators--they are the worst abusers. Or at the voters who elect school boards that give the teachers' union anything it wants.
Calling them useless teachers is just dumb.
Red States know about operating low/no tax budgets.
http://www.theatlantic.com/politics/archive/2015/04/kansass-failed-experiment/389874/
It's funny that Libs love to tote out Kansas to deflect criticism from the bankruptcies and bond downgrades in Illinois, New York, Michigan, California.......
Compared to Illinois with their junk bond status, massive crime, union corruption and total dysfunction, Kansas is a pinnacle of good governance.
Give me a break. 70 year old widows working at Burger King are also paying the salary of the billionaire CEOs. If you want to get mad, focus your anger at the administrators--they are the worst abusers. Or at the voters who elect school boards that give the teachers' union anything it wants.
Which voters gave the teachers' union anything they want?
In Illinois, the Voters just tried to make a difference by electing a Republican to try and enact some common sense pension reform.
But the Democratic machine, unions and judges blocked the reform to ensure fat union fucks like this guy gets to keep his bennies, while the city burns to the ground. This is the type of guys that the Libs and Progs stand up for.
"Lobbyist sues to regain big pension he got from 1 day as substitute teacher"
http://www.chicagotribune.com/news/ct-pension-lawsuit-lobbyist-met-20150318-story.html#page=1
Strategist
@
2015 May 28, 8:15am
Give me a break. 70 year old widows working at Burger King are also paying the salary of the billionaire CEOs. If you want to get mad, focus your anger at the administrators
The CEO does not get paid by the taxpayer. My point with Marcus was it's not fair for the 70 year old widow working at Burger King to pay outrageous benefits to teachers, when the teachers don't pay anything to her.
Comments 1 - 6 of 73 Next » Last » Search these comments
http://news.investors.com/ibd-editorials/052715-754539-democrats-in-springfield-avoid-cuts-seek-taxes-instead-to-close-budget-gap.htm
States: Illinoisans voted in November to end a generation of cronyism, corruption and financial malfeasance by electing Republican reformer Bruce Rauner as governor. Now, just six months later, the empire is striking back.
In this case, the Death Star is the teacher unions. At their behest, the state House and Senate are preparing to send Rauner a bloated $36 billion budget that they know is $3 billion out of balance.
Our sources in Springfield, however, say that the legislature is using budget gimmicks and the real spending gap is far more. Democrats approved a spending plan that thumbs its nose at the cuts Rauner requested.
It's a brazen power play by House Speaker-for-life Michael Madigan.
He knows that his brinksmanship violates a constitution that makes clear "appropriations for a fiscal year shall not exceed funds estimated by the General Assembly to be available during that year."
In other words, the budget must balance. But the wily speaker is trying to trap the governor into a fiscal corner in which the only way out is a tax increase.
Madigan wants a return to budget business as usual in Illinois, a state with some of the nation's highest property, business and sales taxes, one of the worst credit ratings and a pension mess that rivals that of California for its severe underfunding.
Moody's recently downgraded Chicago bonds to junk status. Does anyone in his right mind think tax increases are the answer to Illinois' financial Hindenburg?
Actually, the Democrats thought they could tax their way out of the disaster back in 2012. So they raised income taxes by one-third and corporate taxes to the fourth-highest in the nation.
It was the biggest tax hike in Illinois history, and guess what? The fiscal crisis got worse, because the solons in Springfield spent all that extra money, too. Tax hikes, as Ronald Reagan used to say, were like giving an alcoholic another bottle of booze.
Rauner has sought common-sense pension reform, workers' compensation repairs (the state has lost 300,000 manufacturing jobs in the last 15 years) and a property tax freeze. He proposed to negotiate with Democrats, but they rejected all of these changes.
The state Supreme Court has also made budget-balancing much harder by declaring unconstitutional a plan, which the legislature already approved, to trim pension costs. The unfunded pension liability is now estimated at more than $100 billion. More than 5,000 teachers and other education officials get annual pensions that top $100,000, and many retire at age 60.
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