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Welcome to Fairfax Underground, a project site designed to improve communication among residents of Fairfax County, VA. Feel free to post anything Northern Virginia residents would find interesting.
Welcome to Fairfax Underground, a project site designed to improve communication among residents of Fairfax County, VA. Feel free to post anything Northern Virginia residents would find interesting.
Why Illinois Is In Trouble – 109,881 Public Employees With $100,000+ Paychecks Cost Taxpayers $14B
Posted by:
Forbes
()
Date: April 28, 2020 06:35PM
Why Illinois Is In Trouble – 109,881 Public Employees With $100,000+ Paychecks Cost Taxpayers $14B
Illinois could soon be the first state in history to have its bonds rated as “junk.” Last month, both Moody’s MCO and Standard & Poor’s downgraded Illinois debt to just one notch above junk status.
Last week, the Illinois State Senate President Don Harmon (D-Chicago) wrote a letter to Congress requesting a $41.6 billion bailout. Critics balked.
In many ways, Illinois may have already crossed the Rubicon.
Our analysis at OpenTheBooks.com shows that an Illinois family of four now owes more in unfunded pension liabilities ($76,000) than they earn in household income ($63,585). In a state of 13 million residents, every man, woman, and child owes $19,000 — on an estimated $251 billion pension liability.
Our auditors discovered 110,000 public employees and retirees who earned more than $100,000 last year.
More:
https://www.forbes.com/sites/adamandrzejewski/2020/04/27/why-illinois-is-in-trouble--109881-public-employees-with-100000-paychecks-cost-taxpayers-14b/#721be99a7ee9
Illinois could soon be the first state in history to have its bonds rated as “junk.” Last month, both Moody’s MCO and Standard & Poor’s downgraded Illinois debt to just one notch above junk status.
Last week, the Illinois State Senate President Don Harmon (D-Chicago) wrote a letter to Congress requesting a $41.6 billion bailout. Critics balked.
In many ways, Illinois may have already crossed the Rubicon.
Our analysis at OpenTheBooks.com shows that an Illinois family of four now owes more in unfunded pension liabilities ($76,000) than they earn in household income ($63,585). In a state of 13 million residents, every man, woman, and child owes $19,000 — on an estimated $251 billion pension liability.
Our auditors discovered 110,000 public employees and retirees who earned more than $100,000 last year.
More:
https://www.forbes.com/sites/adamandrzejewski/2020/04/27/why-illinois-is-in-trouble--109881-public-employees-with-100000-paychecks-cost-taxpayers-14b/#721be99a7ee9
Re: Why Illinois Is In Trouble – 109,881 Public Employees With $100,000+ Paychecks Cost Taxpayers $14B
Posted by:
(D) Means Destruction Deceit
()
Date: April 28, 2020 07:02PM
Depression and Despair to the USA
The screams when they have to hit the soup lines, but they will hit the streets first at 90 mph from 300 feet up by their own hand or some help
https://www.latimes.com/la-on-suicide-pusher26-2009may26-story.html
The screams when they have to hit the soup lines, but they will hit the streets first at 90 mph from 300 feet up by their own hand or some help
https://www.latimes.com/la-on-suicide-pusher26-2009may26-story.html
Re: Why Illinois Is In Trouble – 109,881 Public Employees With $100,000+ Paychecks Cost Taxpayers $14B
Posted by:
osdfjf
()
Date: April 28, 2020 08:38PM
but that is only part of the story
THEY ARE A WORKERS UNION (GOVERNMENT SECTOR) WHO DECIDES THEIR OWN PAY, and use HEAVILY ARMED MILITIA (police) to attack anyone who disagrees
there's nothing in USA's laws that ever allowed what they've done: all of it is illegal
-------------------------------
who moderates? does china give thumbs up or down on loans? china is trying to cheat their own people (picked winner loans) as moreso than USA is. they are no moderator to trust.
the US CONSTITUTION says spending must be from last years tax collection: there is no facility in the Constitution for a militant junta to raise pay for some while attacking others using money borrowed from foreign countries: absolutely no mention
THEY ARE A WORKERS UNION (GOVERNMENT SECTOR) WHO DECIDES THEIR OWN PAY, and use HEAVILY ARMED MILITIA (police) to attack anyone who disagrees
there's nothing in USA's laws that ever allowed what they've done: all of it is illegal
-------------------------------
who moderates? does china give thumbs up or down on loans? china is trying to cheat their own people (picked winner loans) as moreso than USA is. they are no moderator to trust.
the US CONSTITUTION says spending must be from last years tax collection: there is no facility in the Constitution for a militant junta to raise pay for some while attacking others using money borrowed from foreign countries: absolutely no mention