/dev/null Posted June 25, 2017 Share Posted June 25, 2017 http://www.cnbc.com/2017/06/25/illinois-debt-is-about-to-be-rated-junk-what-that-means.html Link to comment Share on other sites More sharing options...
Taro T Posted June 25, 2017 Share Posted June 25, 2017 http://www.cnbc.com/2017/06/25/illinois-debt-is-about-to-be-rated-junk-what-that-means.html Mildly surprised that Illinois beat NY & CA to that status. Link to comment Share on other sites More sharing options...
ExiledInIllinois Posted June 25, 2017 Share Posted June 25, 2017 Good. Can we just bulldoze Chicago now. Wipe the whole market center out. Link to comment Share on other sites More sharing options...
Dante Posted June 26, 2017 Share Posted June 26, 2017 Mildly surprised that Illinois beat NY & CA to that status. And they are trying to push through a state government single payer health system through Sacramento. No word how they intend to pay for it lol. Link to comment Share on other sites More sharing options...
Azalin Posted June 26, 2017 Share Posted June 26, 2017 Good. Can we just bulldoze Chicago now. Wipe the whole market center out. But leave Navy Pier. And the Field Museum. They're both worth hanging onto. And they are trying to push through a state government single payer health system through Sacramento. No word how they intend to pay for it lol. By taxing rich people their fair share - duh! Link to comment Share on other sites More sharing options...
\GoBillsInDallas/ Posted June 28, 2017 Share Posted June 28, 2017 https://www.msn.com/en-us/money/markets/how-bad-is-the-crisis-in-illinois-it-has-dollar146-billion-in-unpaid-bills/ar-BBDmpQ6 Link to comment Share on other sites More sharing options...
ALF Posted June 28, 2017 Share Posted June 28, 2017 (edited) NY State AA+ S&P California AA- S&P http://www.treasurer.ca.gov/ratings/current.asp Edited June 28, 2017 by ALF Link to comment Share on other sites More sharing options...
DC Tom Posted June 28, 2017 Share Posted June 28, 2017 NY State AA+ S&P California AA- S&P http://www.treasurer.ca.gov/ratings/current.asp 2006 Mortgage bonds A++ S&P Link to comment Share on other sites More sharing options...
GG Posted June 28, 2017 Share Posted June 28, 2017 2006 Mortgage bonds A++ S&P What the hell is A++? NYS is relatively strong because the state can squeeze NYC for cash. The surrounding states of CT & NJ are the next worst rated after IL, then CA. What do they all have in common? Link to comment Share on other sites More sharing options...
B-Man Posted June 28, 2017 Share Posted June 28, 2017 (edited) REASON RETURNS TO THE LAND OF LINCOLN: Illinois Legislature Passes Asset Forfeiture Reform. The vote came on the heels of an investigative report from Reason earlier this month showing lower-income neighborhoods of Chicago were hit hardest by asset forfeiture. Reason’s report, analyzing more than 23,000 property seizures over the last five years, was cited by Cook County State’s Attorney Kim Foxx in a letter to the Chicago Tribune Saturday urging Republican Illinois Gov. Bruce Rauner to sign the bill into law. Foxx wrote that civil asset forfeiture’s disproportionate impact on poor and minority communities was an “injustice.” The bill, approved unanimously in the state senate and with only one dissenting vote in the house, would raise the standard of evidence for forfeitures from probable cause to a preponderance of evidence and bar seizures under $500 in many drug cases. It would also abolish a requirement of residents challenging seizures that they pay a 10 percent bond on the estimated value of their property to file a petition, and expedite hearings for owners claiming innocence. Kudos to the Illinois legislature and to Reason’s C.J. Ciaramella. . Payouts Over $25,000 “Will Experience A Delay” As Powerball Pulls Out Of Illinois TodayNewzSentinel ^ Edited June 28, 2017 by B-Man Link to comment Share on other sites More sharing options...
ALF Posted June 28, 2017 Share Posted June 28, 2017 NY State AA+ S&P California AA- S&P http://www.treasurer.ca.gov/ratings/current.asp 2006 Mortgage bonds A++ S&P Two different investments. States can tax , mortgage bonds no. Link to comment Share on other sites More sharing options...
ExiledInIllinois Posted June 28, 2017 Share Posted June 28, 2017 https://www.msn.com/en-us/money/markets/how-bad-is-the-crisis-in-illinois-it-has-dollar146-billion-in-unpaid-bills/ar-BBDmpQ6 My son got accepted to the University of Illinois, it's why he went to Iowa. Wife is a post graduate Illinois alumna, she was a bit sad, but engineering scholarship @ Iowa better. She got over it. We are from NYS anyway, really no loyalty to this one effed up state. But, there is 9.5 million people from WI Line to Indiana Line. Third in nation. They will find a way. What the hell is A++? NYS is relatively strong because the state can squeeze NYC for cash. The surrounding states of CT & NJ are the next worst rated after IL, then CA. What do they all have in common? But IL is opposite. Surrounding states doing better, Illinois & Chicago worse. Link to comment Share on other sites More sharing options...
B-Man Posted July 4, 2017 Share Posted July 4, 2017 PoliMath @politicalmath This is so beautiful, I want to have it framed https://twitter.com/emzanotti/status/881924390224629760 … Economically speaking, Illinois is pretty much in the toilet. And with guys like Democratic Rep. Emanuel “Chris” Welch in the state legislature … it’s not surprising. Like, at all: ... Welch deleted that gem, But alas, he wasn’t fast enough. So, we're finally starting to understand why Illinois has so much trouble with its finances Link to comment Share on other sites More sharing options...
reddogblitz Posted July 4, 2017 Share Posted July 4, 2017 But leave Navy Pier. And the Field Museum. They're both worth hanging onto. And Buddy Guy's Blues Bar. Link to comment Share on other sites More sharing options...
TakeYouToTasker Posted July 4, 2017 Share Posted July 4, 2017 Economically speaking, Illinois is pretty much in the toilet. And with guys like Democratic Rep. Emanuel Chris Welch in the state legislature its not surprising. Like, at all: ... Welch deleted that gem, But alas, he wasnt fast enough. So, we're finally starting to understand why Illinois has so much trouble with its finances ... Link to comment Share on other sites More sharing options...
Pine Barrens Mafia Posted July 4, 2017 Share Posted July 4, 2017 What the hell is A++? NYS is relatively strong because the state can squeeze NYC for cash. The surrounding states of CT & NJ are the next worst rated after IL, then CA. What do they all have in common? NJ is a hot mess. HOT mess. Nice place to live, but not for long. Link to comment Share on other sites More sharing options...
Alaska Darin Posted July 4, 2017 Share Posted July 4, 2017 What the hell is A++? NYS is relatively strong because the state can squeeze NYC for cash. The surrounding states of CT & NJ are the next worst rated after IL, then CA. What do they all have in common? What would NYS' finances look like without Wall Street. Talk about a politician's wet dream. Two different investments. States can tax , mortgage bonds no.Congratulations on missing the point. Link to comment Share on other sites More sharing options...
ALF Posted July 4, 2017 Share Posted July 4, 2017 (edited) Two different investments. States can tax , mortgage bonds no. Congratulations on missing the point. Rating agencies can be wrong , what point am I missing ? Edited July 4, 2017 by ALF Link to comment Share on other sites More sharing options...
boyst Posted July 5, 2017 Share Posted July 5, 2017 Eat ****, other states! House Bill 2, all of that - we flying high Link to comment Share on other sites More sharing options...
jr1 Posted July 5, 2017 Share Posted July 5, 2017 IL has a Republican governor Link to comment Share on other sites More sharing options...
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