spin_dry Posted April 27, 2020 Share Posted April 27, 2020 Interesting. A republican advocating bankruptcy. Quote Link to comment Share on other sites More sharing options...
Anler Posted April 27, 2020 Share Posted April 27, 2020 Well that would probably be most of them eh? What does that do to all of the bond holders. Quote Link to comment Share on other sites More sharing options...
spin_dry Posted April 27, 2020 Author Share Posted April 27, 2020 (edited) 5 minutes ago, Anler said: Well that would probably be most of them eh? What does that do to all of the bond holders. It would eliminate having to pay out on pensions. That would save hugely Edited April 27, 2020 by spin_dry Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member steve from amherst Posted April 27, 2020 Platinum Contributing Member Share Posted April 27, 2020 I saw that. Ive heard some real stupid shit in my life , but that one had my head spinning. Quote Link to comment Share on other sites More sharing options...
spin_dry Posted April 27, 2020 Author Share Posted April 27, 2020 10 minutes ago, steve from amherst said: I saw that. Ive heard some real stupid shit in my life , but that one had my head spinning. He’ll get plenty of support. Trump is talking about withholding federal funds from blue states. So far it’s just talk. And we all know he likes to talk shit. Quote Link to comment Share on other sites More sharing options...
Anler Posted April 27, 2020 Share Posted April 27, 2020 3 hours ago, spin_dry said: It would eliminate having to pay out on pensions. That would save hugely Well that might be necessary because Illinois for one cant possibly pay its pension obligations. Big labor has been lobbying hard for tax increases in Illinois. Quote Link to comment Share on other sites More sharing options...
spin_dry Posted April 27, 2020 Author Share Posted April 27, 2020 Just now, Anler said: Well that might be necessary because Illinois for one cant possibly pay its pension obligations. Big labor has been lobbying hard for tax increases in Illinois. Too bad Illinois didn’t go the path of Wisconsin by being self funded. WRS has over $110 billion in the bank. Quote Link to comment Share on other sites More sharing options...
Anler Posted April 27, 2020 Share Posted April 27, 2020 14 minutes ago, steve from amherst said: I saw that. Ive heard some real stupid shit in my life , but that one had my head spinning. Not really. If they file bankruptcy then all of their contracts become void. Then the federal govt will re-organzie all of the pension obligations and make them affordable. Its probably the only way it can happen at this point. Quote Link to comment Share on other sites More sharing options...
Anler Posted April 27, 2020 Share Posted April 27, 2020 Just now, spin_dry said: Too bad Illinois didn’t go the path of Wisconsin by being self funded. WRS has over $110 billion in the bank. There are alot of shysters in Illinois govt... Its not an accident the pensions are so fucked up. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member steve from amherst Posted April 27, 2020 Platinum Contributing Member Share Posted April 27, 2020 2 minutes ago, Anler said: Not really. If they file bankruptcy then all of their contracts become void. Then the federal govt will re-organzie all of the pension obligations and make them affordable. Its probably the only way it can happen at this point. 1 minute ago, Anler said: There are alot of shysters in Illinois govt... Its not an accident the pensions are so fucked up. Im not a big fan of any bankruptcies ( including trumps) States start going bankrupt , who will want to do business with them? Quote Link to comment Share on other sites More sharing options...
Anler Posted April 27, 2020 Share Posted April 27, 2020 Just now, steve from amherst said: Im not a big fan of any bankruptcies ( including trumps) States start going bankrupt , who will want to do business with them? believe me, not too many want to do business now. LOL Quote Link to comment Share on other sites More sharing options...
Mainecat Posted April 27, 2020 Share Posted April 27, 2020 4 hours ago, spin_dry said: Interesting. A republican advocating bankruptcy. It’s part of the grand plan of corporate america powered by republicans. Remember states have municipal water supplies.....Nestle would love to control those. Assets sold to satisfy bankruptcies of states would be bought by corporate America. Land, state highways, state parks lakes and rivers. Am I that far off here? FUCK MCCONNELL AND TRUMP. Quote Link to comment Share on other sites More sharing options...
Im4snow Posted April 27, 2020 Share Posted April 27, 2020 States should just raise taxes high enough to avoid bankruptcy. All pigs eventually get slaughtered. Quote Link to comment Share on other sites More sharing options...
Mainecat Posted April 27, 2020 Share Posted April 27, 2020 17 minutes ago, Im4snow said: States should just raise taxes high enough to avoid bankruptcy. All pigs eventually get slaughtered. Welcome back 1 Quote Link to comment Share on other sites More sharing options...
Carlos Danger Posted April 28, 2020 Share Posted April 28, 2020 3 hours ago, Anler said: Well that might be necessary because Illinois for one cant possibly pay its pension obligations. Big labor has been lobbying hard for tax increases in Illinois. Speaking of Mob rule. Quote Link to comment Share on other sites More sharing options...
jtssrx Posted April 28, 2020 Share Posted April 28, 2020 7 hours ago, spin_dry said: Interesting. A republican advocating bankruptcy. They should the Federal government shouldn’t be bailing out Illinois and New York or California because they want to give shit away for free and over pay their public service a union employees and give them ridiculous retirements that regular people working in the private sector don’t get!! Quote Link to comment Share on other sites More sharing options...
Anler Posted April 28, 2020 Share Posted April 28, 2020 11 minutes ago, Carlos Danger said: Speaking of Mob rule. No just douchey politicians. Quote Link to comment Share on other sites More sharing options...
spin_dry Posted April 28, 2020 Author Share Posted April 28, 2020 43 minutes ago, jtssrx said: They should the Federal government shouldn’t be bailing out Illinois and New York or California because they want to give shit away for free and over pay their public service a union employees and give them ridiculous retirements that regular people working in the private sector don’t get!! 1 Quote Link to comment Share on other sites More sharing options...
racer254 Posted April 28, 2020 Share Posted April 28, 2020 (edited) 8 hours ago, spin_dry said: Interesting. A republican advocating bankruptcy. Why? I guess you only expect dems to circumvent their financial responsibility? Edited April 28, 2020 by racer254 Quote Link to comment Share on other sites More sharing options...
racinfarmer Posted April 28, 2020 Share Posted April 28, 2020 2 hours ago, Im4snow said: States should just raise taxes high enough to avoid bankruptcy. All pigs eventually get slaughtered. Cali would have like a 186% tax rate. Quote Link to comment Share on other sites More sharing options...
spin_dry Posted April 28, 2020 Author Share Posted April 28, 2020 23 minutes ago, racer254 said: Why? I guess you only expect dems to circumvent their financial responsibility? Exactly. Trump and the republican held senate has done an excellent job at reeling in spending. You nasty smelling, fucking hack fraud 1 Quote Link to comment Share on other sites More sharing options...
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