Illinois Pension Benefits, Other Promises, and Insolvency
• https://www.themaven.netLet's take a momentary reprieve from Italian insolvency to discuss the sorry state of affairs in Illinois.
Contents Pages by Subject
Illinois
Illinois to Impose 1% Property Tax on Top of Everything Annually for 30 Years
• By Martin Armstrong Armstrong EconomicsIn Illinois is a State that should just commit suicide and be emerged into surrounding states. It is following the EXACT pattern as the fall of the city of Rome itself. Constantine the Great moved the Roman capital from Rome to Constantinople around
An "Audible Gasp" Was Heard When The Chicago Fed Unveiled Its "Solution" To The
• zerohedge.com By Mark GlennonAn audible gasp went out in the breakout room I was in at last month's pension event cosponsored by The Civic Federation and the Federal Reserve Bank of Chicago.
Illinois Moves to Legalize Police Drone Surveillance of Public Gatherings
• http://truthinmedia.com,Although Illinois passed legislation in 2013 requiring police to attain a warrant before using drones for most surveillance purposes, legislation reportedly backed by Chicago Mayor Rahm Emanuel would eliminate that restriction and allow the governmen
Gun Rights Groups File Several Lawsuits Against Illinois Town Over New Gun Ban
• https://www.prisonplanet.comGun rights groups filed two separate lawsuits against an Illinois town this week after it enacted an ordinance banning certain firearms and ammunition magazines.
Town Bypasses Constitution, US Citizens Given 60 Days to Turn in Guns Or Become Criminals
• http://thefreethoughtproject.com/illinois-town-resResidents of a town in Illinois were just handed down an unconstitutional decree from their local government, they now have 60 days to give up their guns or be fined up to $1000 per day.
Illinois House Passes Bill to Confiscate Legal Guns from All 18-20-year-olds
• http://www.dcclothesline.comIllinois -- The Illinois House has passed a bill that will require legal gun owners to hand over ownership of heretofore legally possessed guns. Now, this most tyrannical bill has moved to the Senate and is one step away from becoming law.
Demonized AR-15 Used To Stop Brutal Attack In Illinois
• Tom Knighton-Bearing AR-15 stopped Brutal AttackThe AR-15 is the most demonized firearm in the world these days (or at least in the United States). While gun folks tend to love the blasted things-yours truly included-anti-gunners see them as basically magazine-fed bazookas. Thanks to the media
It's Baaaaack: The Illinois "Privilege Tax" Bill!
• zerohedge.com by Mark GlennonUndeterred by national ridicule heaped on Illinois last year, statehouse Democrats are pushing again for passage of the "privilege tax" on investment managers.
Illinois Ponders Pension Moonshot Gamble: $107 Billion Bond Sale
• https://www.themaven.net, by Mike Mish ShedlockWhat better time than now to borrow $107 billion to invest in stocks? That's what Illinois is actually considering.
Illinois Unveils Another Shocker:
• zerohedge.com by Tyler DurdenSell A Record $107 Billion In Debt To Fund Insolvent Pensions
City Tells Man to Stop Sheltering the Homeless from the Cold or They'll Take His House
• http://thefreethoughtproject.comThe city of Chicago would seemingly rather watch homeless people die than allow a good Samaritan to offer up his home that doesn't meet their specs.
Chicago police say Facebook 'secret groups' used to sell guns, drugs
• https://www.yahoo.com(Reuters) - Chicago Police arrested 50 people for using "secret groups" on Facebook to sell guns and drugs, the police said on Thursday, and they criticized the world's biggest social media network as being unhelpful during the 10-month investigation
Radio station jammed after it was reported U.N. vehicles have entered the city of Chicago ...
• http://www.dcclothesline.comsay operator...CHICAGO (INTELLIHUB) -- WCKG 1530 AM radio station operator Matt Dubiel claims that The Alex Jones Show radio feed was cut off, "faded," as Jones started speaking about the U.N. vehicles which have already entered Chicago.
US Martial Law: Gov't Official Asks for Child-Raping UN Troops to Be Deployed in Chicago
• http://thefreethoughtproject.comCiting a murder rate 500 percent less than Venezuela, Chicago is asking for UN troops, who are known around the world for sexual abuse, to be deployed.
Illinois Owes Money, But No One Knows How Much
• USA NewsIllinois owes a lot. But how much? And who does it owe this money to? It turns out that no one knows. According the Bloomberg, even the CFO of the state government doesn't know how much they owe. By the time he gets reports on public debt from stat
Illinois Eyes 30 Cent Gas Tax Hike, Chicago Eyes Property Tax Hike
• https://www.themaven.net, Mike Mish ShedlockThe Illinois legislature is in recess right now. Other than disbanding the body, that's the best place for them. When they return, they are going after your pocketbook in the form a gas tax hike.
The State Of Illinois Is "Past The Point Of No Return"
• http://www.zerohedge.com, by Carl DincesenUnless used for capital improvements, any new Illinois State borrowing, regardless of security structure, will amount to nothing more than kicking the can further down the road.
APNewsBreak: Billions in Illinois bills not sent for payment
• https://www.yahoo.com, JOHN O'CONNORIllinois 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
Illinois Budget: What It Does And Doesn't Do (Surprise Giveaway To Muni Bondholders?)
• http://www.zerohedge.comIllinois now has a budget, the first in three fiscal years. An excellent writeup on The Stump entitled Illinois Financial Disaster: Even More Reactions to the Budget explains what passage of the budget does and does not do.
Chicago's Terrible New Plan To Force High School Kids Into The Military
• http://www.zerohedge.com, by Alice SallesChicago, Illinois, has a chronic inflated state problem disguised as a schooling problem. In order to eradicate the symptom, Mayor Rahm Emanuel has decided to attack those who suffer from it and not the actual root of the problem -- adopting a class
For America to survive, we must declare independence from Big Pharma's failed medical monopoly
• http://www.naturalnews.com(Natural News) Although suddenly everyone is aware of the looming financial collapse of the State of Illinois, almost no one is aware of why it's actually happening. And the lying mainstream media -- purveyors of fake news -- won't dare tell y
Trump Appoints Himself Chicago Police Chief
• http://www.ronpaullibertyreport.com/Ron Paul Talks about trump and Chicago
Illinois Taxoholics Wear Down Rauner: Massive Tax Hikes In the Works
• https://mishtalk.com, by MishTotal capitulation by Governor Bruce Rauner is in the works. The taxoholics wore him down.
It's Not Just Illinois: Connecticut Faces Friday Day Of Reckoning
• https://www.lewrockwell.com, Tyler DurdenWith Illinois facing a Friday night deadline by which it has to come up with its first fiscal budget in three years or face a downgrade to junk resulting in what a policymaker called a "death spiral", another mini drama is taking place in Connect
Payouts Over $25,000 "Will Experience A Delay" As Powerball Pulls Out Of Illinois Today
• http://www.zerohedge.com, by Tyler DurdenAs if Illinois didn't have enough to worry about...
Illinois Is Venezuela & The Solution Is Cryptocurrency
• http://www.zerohedge.com, by Ken KursonThe reason I'm so much fun at parties is that my idea of a good time is to lecture everyone on cryptocurrency. I can pretty much talk bitcoin and blockchain with Hamiltonian fervor all night.
Dear Barry Ritholtz, Can We Please Discuss Illinois?
• https://mishtalk.comBloomberg columnist Barry Ritholtz is a firm believer that government knows better how to spend your money than you do.
Several states set to collapse under crushing weight of bankrupt pensions: Will...
• http://www.naturalnews.comIllinois become the first?...(Natural News) For years Natural News founder/editor Mike Adams, the Health Ranger, has been warning Americans that many of the nation's public sector pensions are underfunded by hundreds of billions of dollars and are
Why Bankruptcy is Not a Magic Wand for Illinois
• http://www.thedailybell.comWhat if everyone declared bankruptcy, would that solve all financial woes? Or rather, would it be the ultimate debt bubble burst? Bankruptcy is a "solution" that would become disastrous if everyone were to use it. So can it truly be considered a
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