The Conservative Cave
Current Events => The DUmpster => Topic started by: Delmar on January 26, 2013, 05:16:12 PM
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Sat Jan 26, 2013, 02:38 PM
madville (900 posts)
Illinois’ credit rating downgraded; state drops to worst in the nation
Source: WGN News
Illinois’ credit rating has taken another hit. Standard & Poor’s Ratings Service downgraded the state from an “A†rating to “A-minusâ€, making it the worst in the country.
The New York ratings firm’s ranking means taxpayers may have to pay tens of millions of dollars more in interest when the state borrows money for roads and other projects.
The downgrade is the latest fallout over the $96.8 billion debt to five state pension systems. The downgrade now ties Illinois with California, but California has a positive outlook. Illinois’ fragile overall financial status netted it a negative outlook, putting it behind California overall.
The ratings came out now because Illinois plans to issue $500 million in bonds within days.
Read more: http://wgntv.com/2013/01/26/illinois-credit-rating-downgraded-state-drops-to-worst-in-the-nation/
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http://www.democraticunderground.com/1014381863
There are only five replies--none of which make any sense.
But how could one comment intelligently on the story? The democrat party has been running the state for years. Any criticism of who got the state into this financial condition would surely constitute a dreaded TOS violation.
This Dummy isn't dumb enough to get suckered into the trap and lays the blame on:
Response to madville (Original post)Sat Jan 26, 2013, 05:12 PM
Rain Mcloud (378 posts)
5. Trickle Down Economics.
I wish to personally thank all the dum****s who voted for reagan and the bushes.
If you had paid attention in American history then you would know that Robber Barons use(d) the same playbook then and now.
Unfortunately,the last time that the people bothered to take the country back was a time of 25% unemployment and impending World War which was necessary because the rich had taken all the money out of the economy and stashed it in Switzerland then not being satisfied with that,tried taking entire countries.
Ah but you were passing notes with Mary Jane Rottencrotch,so thanks.
Good Job Teatardos!
Maybe next time you will speak up when they come for your job and your house,but don't expect me to do it for you.
You cheered them on,when they came for mine.
:ownit:
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Hmmmm.
I'm going to wait to see grouchy old Don's take on this.
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How can you argue with someone so simpleminded. How could robber barons stashing money in Switzerland in the 1920s cause Ill. to be in the toilet now. Everybody knows their current troubles started when Ozunga left for the white house. If he had stayed in Chicago the state would have a AAA rating.
Edit: poor typing
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The downgrade is the latest fallout over the $96.8 billion debt to five state pension systems.
The public unions deserve no blame whatsoever for trying to feather their nests at the expense of working taxpayers.
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Response to madville (Original post)Sat Jan 26, 2013, 05:12 PM
Rain Mcloud (378 posts)
5. Trickle Down Economics.
I wish to personally thank all the dum****s who voted for reagan and the bushes.
If you had paid attention in American history then you would know that Robber Barons use(d) the same playbook then and now.
Unfortunately,the last time that the people bothered to take the country back was a time of 25% unemployment and impending World War which was necessary because the rich had taken all the money out of the economy and stashed it in Switzerland then not being satisfied with that,tried taking entire countries.
Ah but you were passing notes with Mary Jane Rottencrotch,so thanks.
Good Job Teatardos!
Maybe next time you will speak up when they come for your job and your house,but don't expect me to do it for you.
You cheered them on,when they came for mine.
The excuse for the 48 other States with a Superior credit Rating is ......
You are correct
If YOU had paid attention
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The downgrade now ties Illinois with California, but California has a positive outlook.
Difficult to see why CA does, really, unless you want to willingly suspend disbelief and buy Moonbeam's cooked numbers.
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The New York ratings firm’s ranking means taxpayers may have to pay tens of millions of dollars more in interest when the state borrows money for union wages, retiring at 55 with COLAs, and Cadillac Healthcare.
Edited for reality and truth.
I thought the huge income tax hike the all democrat party controlled state was supposed to fix this.
Red states are suspending income taxes and blue states are getting credit downgrades. Those that refuse to see reality are doomed to vote democrat party.
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How can you argue with someone so simpleminded. How could robber barons stashing money in Switzerland in the 1920s cause Ill. to be in the toilet now. Everybody knows their current troubles started when Ozunga left for the white house. If he had stayed in Chicago the state would have a AAA rating.
Edit: poor typing
Yeah, I was gonna say, so:
You cheered them on,when they came for mine.
I take it that S/h/it lost its' job and it's .......ummmm.......Reagans fault?!? :???:
Difficult to see why CA does, really, unless you want to willingly suspend disbelief and buy Moonbeam's cooked numbers.
:-) I expect he'll be cooking leftovers for the next few years as reality hits, as usual, and the expected revenue drys up again never materializes, as usual.
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Response to madville (Original post)Sat Jan 26, 2013, 05:12 PM
Rain Mcloud (378 posts)
5. Trickle Down Economics.
I wish to personally thank all the dum****s who voted for reagan and the bushes.
If you had paid attention in American history then you would know that Robber Barons use(d) the same playbook then and now.
Unfortunately,the last time that the people bothered to take the country back was a time of 25% unemployment and impending World War which was necessary because the rich had taken all the money out of the economy and stashed it in Switzerland then not being satisfied with that,tried taking entire countries.
Ah but you were passing notes with Mary Jane Rottencrotch,so thanks.
Good Job Teatardos!
Maybe next time you will speak up when they come for your job and your house,but don't expect me to do it for you.
You cheered them on,when they came for mine.
Maybe you should have been able to pass a drug test and make your employer money. You do that, the employer tends not to fire you. I've even seen some employers that would turn a blind eye to some recreational drug use in the off time if the employee makes them money.
Me? When the boss walks down the hall with something he needs done he gives it to me cause he knows I will get it done, on time and it will be right, and I never complain.
I don't have to worry about my job. Never have. If the boss ever really pisses me off, I'll go elsewhere and he and I both know it. Times get tough, he looks to get rid of the marginal employees like yourself.
Sucks to be you dummie. Sucks to be you. I have no sympathy. To me getting ahead is really easy. Just take on any and all work no matter how shitty it is and don't complain. After 5 or 10 years, you will have your hands in everything that is going on, institutional knowledge, and the boss can't afford to get rid of you. It works dummie. Try it. :loser: :loser:
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Living in Illinois myself I hear about the state's woes and how they do not have the money to pay their bills. Meanwhile the legislature is getting raises and the governor wants all new revenue to help programs for illegals and to build high speed rail and the third airport the airlines do not want.
Meanwhile the state is looking to increase taxes again.
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The sad truth for Illinoise is that the ghost of Al Capone lives on. Chicago was always about corruption, and Chicago always ran the state.
Mrs. O'Leary's cow should have been fired for not finishing the job!
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The sad truth for Illinoise is that the ghost of Al Capone lives on. Chicago was always about corruption, and Chicago always ran the state.
'Twas ever thus...
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Meanwhile, just across the northern boarder:
Wisconsin budget surplus projected to grow to $484 million; revenue to decline (http://host.madison.com/news/local/govt-and-politics/wisconsin-budget-surplus-projected-to-grow-to-million-revenue-to/article_ec6cc518-666a-11e2-ac09-0019bb2963f4.html)
Published 1/25/2013
Own it! DUmmies!
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Rain McCloud, how can you possibly think that "Teatardos" caused this mess? Everyone knows about Chicago politics. The corruption, the back-scratching, all that. It's been going on forever. Do you really believe the rest of the country is looking at the shortfall, and saying "Damn Teatardos! Damn that Reagan!"
Your name is stupid, BTW.
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Difficult to see why CA does, really, unless you want to willingly suspend disbelief and buy Moonbeam's cooked numbers.
Not this California boy. :bs: