TurdBomber
Active poster
Armed security would stop this shit in its tracks.
We need a general tweet of the day thread
- Thread starter RaceBannon
- Start date
Illinois demonstrating how you can tax and spend your way to private sector middle class prosperity. Democrats are clearly the more fiscally responsible alternative.
https://www.zerohedge.com/markets/i...lion-average-debt-burden-now-110000-household
Illinois Pension Shortfall Surpasses $500 Billion, Average Debt Burden Now $110,000 Per Household
BY TYLER DURDEN
SUNDAY, NOV 21, 2021 - 01:35 PM
By Ted Dabrowski and John Klingner of Wirepoints (click here for a pdf of the report)
Illinois just reached an alarming milestone: each Illinois household is now on the hook for, on average, $110,000 in government-worker retirement debts. That figure is the result of dividing Illinois’ $530 billion in state and local retirement shortfalls among the state’s 4.9 million households. In 2019, the burden was $90,000 per household.
Illinois’ retirement debts increased to $530 billion in 2020, according to a Wirepoints analysis of Moody’s Investors Service debt estimates. This is the first year the credit rating agency’s estimates of Illinois’ retirement debts, made up of both pension and retiree health shortfalls at the state and local level, have broken $500 billion.
The jump in Illinois’ shortfall, up nearly $100 billion compared to 2019, was due largely to the drop in interest rates as a result of the COVID crisis. Illinois’ shortfall is expected to remain elevated in 2021 despite the market recovery. (See Appendix B.)
The growth in Illinois’ retirement debts to half-a-trillion dollars is yet another grim reminder of how lawmakers’ refusal to address the pension crisis does real harm to ordinary residents. These outsized debts have contributed directly to Illinois’ other crises, including the state’s worst-in-the-nation credit rating, the 2nd-highest property taxes and the nation’s 5th-worst decline in real home values.
The pension crisis has also contributed indirectly to a record rate of outmigration and the nation’s 2nd-largest population losses since 2010.
In addition, the growing debts point to just how much the retirement security of more than a million Illinois government workers and retirees has collapsed.
https://www.zerohedge.com/markets/i...lion-average-debt-burden-now-110000-household
Illinois Pension Shortfall Surpasses $500 Billion, Average Debt Burden Now $110,000 Per Household
BY TYLER DURDEN
SUNDAY, NOV 21, 2021 - 01:35 PM
By Ted Dabrowski and John Klingner of Wirepoints (click here for a pdf of the report)
Illinois just reached an alarming milestone: each Illinois household is now on the hook for, on average, $110,000 in government-worker retirement debts. That figure is the result of dividing Illinois’ $530 billion in state and local retirement shortfalls among the state’s 4.9 million households. In 2019, the burden was $90,000 per household.
Illinois’ retirement debts increased to $530 billion in 2020, according to a Wirepoints analysis of Moody’s Investors Service debt estimates. This is the first year the credit rating agency’s estimates of Illinois’ retirement debts, made up of both pension and retiree health shortfalls at the state and local level, have broken $500 billion.
The jump in Illinois’ shortfall, up nearly $100 billion compared to 2019, was due largely to the drop in interest rates as a result of the COVID crisis. Illinois’ shortfall is expected to remain elevated in 2021 despite the market recovery. (See Appendix B.)
The growth in Illinois’ retirement debts to half-a-trillion dollars is yet another grim reminder of how lawmakers’ refusal to address the pension crisis does real harm to ordinary residents. These outsized debts have contributed directly to Illinois’ other crises, including the state’s worst-in-the-nation credit rating, the 2nd-highest property taxes and the nation’s 5th-worst decline in real home values.
The pension crisis has also contributed indirectly to a record rate of outmigration and the nation’s 2nd-largest population losses since 2010.
In addition, the growing debts point to just how much the retirement security of more than a million Illinois government workers and retirees has collapsed.
SFGbob
New Fish
They were just trying to provide food for their children.
SF Union Square Louis Vitton was looted of damn near everything the other night. Of course the Mayor and the DA who are responsible for creating and protecting this criminal behavior came out for the cameras to tell us all how OUTRAGED they were about this.
Dazzler I'm sure blames conservatives for it.
A Louis Vuitton store was also hit.
https://abc7news.com/louis-vuitton-looted-union-square-robbery-san-francisco/11256032/
@RuffaloSoldier???? True!!?!??!?
Kyle is shooting his shot
I told you he'd have handies for life.
Dude should head down to Bama and Florida asap.
That’s supposedly in Florida
Rewarding good behavior. Thankfully we have lots of printed money to hand out. The new BBB bill had the dems taking out language blocking tax dollars going to companies that use slave labor. Christians bad, Muslim and ChiCom slavery good.
https://pjmedia.com/instapundit/
INMATES IN CHARGE AT STATE: Nigeria, which is being torn apart by Islamic radicals who ruthlessly and brutally murder Christian pastors and congregants on a daily basis, is no longer on the State Department’s list of “Countries of Particular Concern,” reports Alliance Defending Freedom International (ADFI).
“Christians living in Nigeria face some of the worst acts of persecution. Millions of people have fled devastating violence and have become internally displaced. As a result of the violence, 13,000 churches have been closed or destroyed altogether,” according to ADFI.
“Many victims have been kidnapped, raped, forcibly converted or married, or sold into slavery. Reports show that at least 17 Christians were killed every day in the first half of 2021 alone.”
Among other things, removing Nigeria from that list cleared the way for Secretary of State Anthony Blinken to hand $2.1 billion in new aid to the Nigerian regime that allows, and in many respects, assists the insurgents in their bloody attacks. It’s not like Blinken doesn’t know these facts because he was told in a private meeting by a pastor, according to The Epoch Times.
https://pjmedia.com/instapundit/
INMATES IN CHARGE AT STATE: Nigeria, which is being torn apart by Islamic radicals who ruthlessly and brutally murder Christian pastors and congregants on a daily basis, is no longer on the State Department’s list of “Countries of Particular Concern,” reports Alliance Defending Freedom International (ADFI).
“Christians living in Nigeria face some of the worst acts of persecution. Millions of people have fled devastating violence and have become internally displaced. As a result of the violence, 13,000 churches have been closed or destroyed altogether,” according to ADFI.
“Many victims have been kidnapped, raped, forcibly converted or married, or sold into slavery. Reports show that at least 17 Christians were killed every day in the first half of 2021 alone.”
Among other things, removing Nigeria from that list cleared the way for Secretary of State Anthony Blinken to hand $2.1 billion in new aid to the Nigerian regime that allows, and in many respects, assists the insurgents in their bloody attacks. It’s not like Blinken doesn’t know these facts because he was told in a private meeting by a pastor, according to The Epoch Times.
TurdBomber
Active poster
Just a continuance of the Charlottesville Fine People Hoax people like H and Kobe still argue was true.
There's a point where all I have left is pity for such fools.
