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Name:   Surfaceunits - Email Member
Subject:   Deadbeat Dimocrats Billions in Illinois bills not
Date:   10/11/2017 10:02:01 AM

Billions in Illinois bills not sent for payment

 

SPRINGFIELD, Ill. (AP) — Illinois is chasing a moving target as it tries to dig out of the nation's worst budget crisis, and a review obtained by The Associated Press shows $7.5 billion worth of unpaid bills — as much as half the total — hadn't been sent to the official who writes the checks by the end of June.

Although many of those IOUs have since been paid, a similar amount in unprocessed bills has replaced them in the last three months, Comptroller Susana Mendoza's office said Monday. That's in addition to $9 billion worth of checks that are at the office but being delayed because the state lacks the money to pay them.





Name:   MartiniMan - Email Member
Subject:   Deadbeat Dimocrats Billions in Illinois bills not
Date:   10/11/2017 12:28:15 PM

The problem with states is that unlike the federal govt, they can't print money to pay their bills.  They can try to issue bonds but I suspect Illinois is probably rated as low as Greece when it comes to that and can't be expected to pay them back, especially since the interest rate will be a killer.  What is even more daunting for the state is that this doesn't even get to their pension liability which is vastly underfunded.  When them chickens come home to roost they will have to raise taxes so much they will be like California as it relates to middle class flight.  Businesses are already abandoning the state in droves.  Unfortunately far too many of those idiots that voted for ruinous policies in the past tend to do it to the states they flee to.  

And let me derail Goofy before he gets going about the fact that the governor is currently a Republican.  This is a mess created by the legislature and past Democrat governors and until the people of Illinois wake up and come their senses, having a GOP governor isn't going to help.  Democrats controlled the governship and state legislature from 2003 to 2014 and still control the legislature.  GOP hasn't controlled the legislature since 1996.





Name:   phil - Email Member
Subject:   Deadbeat Dimocrats Billions in Illinois bills not
Date:   10/11/2017 1:22:54 PM

https://www.illinoispolicy.org/moving-out-illinois-has-countrys-worst-outbound-rate-in-2016/





Name:   Surfaceunits - Email Member
Subject:   Deadbeat Dimocrats Billions in Illinois bills not
Date:   10/11/2017 2:19:41 PM

Hot Springs Moving and Storage "Helping Yankees go home for 37 years"





Name:   Talullahhound - Email Member
Subject:   Deadbeat Dimocrats Billions in Illinois bills not
Date:   10/11/2017 9:43:57 PM

Don't buy any bonds from Illinois.  I think Chicago is just pulliing that state down.  





Name:   MrHodja - Email Member
Subject:   Deadbeat Dimocrats Billions in Illinois bills not
Date:   10/11/2017 11:08:41 PM

Surface I note your home lake is Ouachita...I spent a few idyllic weekends at my sister's place on Hamilton a looong time ago.  Hope all is well with those beautiful lakes.









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