Isn't Illinois going bankrupt? What happened to that?

>>133024958
They have still failed to reach a deal, on top of that a judge has ruled they also now need to make Medicaid payments on top of what they already cannot pay

In August if they have still failed to reach any sort of settlement (which they won't unless they can somehow pull a billion dollars out of thin air) they will officially not be paying for many public services including pensions, unions etc

Tldr the western world faces economic collapse in August when illinois insolvency pops every industry bubble in the first world

>>133024958
They're in the legal process to avoid it. This has so far included massive tax hikes (32% raise in income taxes) and probably even more property taxes (already the highest in the nation). Moody's has said so far they're probably gonna downgrade the state anyways even if they do get a budget together because they have no confidence in the ability of the government to manage the potential increased income to actually pay their debts and not take on more debt.

Its gonna get worse but they're in the wheeling and dealing phase.

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>>133025413
>Tldr the western world faces economic collapse in August when illinois insolvency pops every industry bubble in the first world

child. the 2008 or whatever housing bubble did nothing. we print money and pretend to punish the assholes.

Illinois will not be allowed to die. Detroit can die. Chicago will not be allowed to die.

Read a fucking book. I'd start with Green Eggs and Ham.

(is kayla really gone?)

Chicago fag here. What does this mean for me?

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>>133026069

Nothing at all. Chicago is the fucking second city after NY.

Relax and go to school or work or whatever you do. Ignore the CNN hysteria.

>>133026069
All public services, pensions, etc. will collapse if an extreme deal is not implemented by August.

If a deal is implemented the taxes that come out of your pockets will be extraordinary.

>>133025868
hello,

you seem to think quantitative easing will work indefinitely. you are wrong

don't tread on me,
hank

>>133025868
>We will print money until the problem goes away.

Why don't I feel better then?

>>133026069
You'll pay even more than you already do to live in an overpriced shithole filled with niggers

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>>133026289
>will collapse

the great thing about 4chan is that we are all anons.

the shitty thing about 4chan is that I can't rub your face in this nonsense during august.

>>133026417

nobody understands economics. NO FUCKING BODY.

>>133024958
Yes, but they won't miss payments till Aug 1

>>133025413

>the western world faces economic collapse in August when illinois insolvency pops every industry bubble in the first world

Thank god. I can't take much more of these jewish shenanigans.

>>133026559
stop projecting. it's funny you say nobody "understands economics" while conveniently glossing over my first post. wow you are stupid

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>>133026510
>filled with niggers

You see only the 4chan version of chicago.

It's a pretty nice place to live and work. You just have to learn where the no-go areas are. All huge cities have no-go zones. Deal with it.

>>133026681
>wow you are stupid

I agree with this part, but you are wrong about all the rest.

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>>133026559

>>133026559
Let me tell you what I don't understand.

Money printing doesn't cause inflation when utilized to purchase stocks because the money velocity of said printed money is low.

When the money printing is utilized to pay for pension funds and Medicaid programs, however, the money velocity is high, which leads to inflation.

If the elite decide to print money to bail out Chicago, it'll be an epic mistake that will give me a lot of schadenfreude. The fact that you don't see this means we are collectively fucked about this situation.

>>133025840
Wonder how long the rest of Illinois is gonna put up with this shit. They've essentially been turned into a serf state for Chicago.

>>133026838
>I agree with this part, but you are wrong about all the rest.
that's all you're going to address? me calling you stupid? maybe you aren't stupid. i think we're speaking to mr. rahm emanuel - a real living cocksucker

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>>133024958
They did what everyone does right before they start to get their shit back together:
>illinois
>california
>kansas
They told the extremist GOP retards to fuck off.

>>133026838
>chicago not full of niggers
>highest crime rate in u.s.
Hmmmmm

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>>133026903
>The fact that you don't see this means we are collectively fucked about this situation.

NObel prize winner Paul Krugman would disagree with you and then he would remind you that he is a Nobel Prize winner.

is kayla really gone for good?

>>133024958
republican traitors in the house jumped ship and overridden the governor's veto.

there is now a permanent tax increase and no reforms.

>>133024958
I******s needs to be sold off to Canada or the highest bidder. It no longer deserves to be a part of America. Nothing but a bunch of corn niggers and dindus killing each other. Maybe after we sell it America will be great again.

God, I hope to see livestreams of doddery old fucks rioting in every main street of Illinois as their pensions and medical payments are missed.

QE will only help if California taxpayers - for example- don't mind taking a 20% tax hike up the arse in order to bail those northern fuckers out

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>>133027019
>mr. rahm emanuel - a real living cocksucker

I really doubt that he's a kayla fanboie

>>133026838
>You see only the 4chan version of Chicago.
I live by and visit Chicago relatively regularly. I have quite the disdain for that shit smear. Nearly any modern city in the States is a blight.

>>133027131
And the housing market will always go up and never crash because that's what all the experts have decided. The fact that you had to appeal to authority, by definition, means you lost this argument. The question you should ask yourself is, how much inflation will it cause to bail out Illinois?

Who knows. It may not be enough to matter.

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>>133027333
>Nearly any modern city in the States is a blight.

this is true.

nice trips.

look at london, paris, berlin.

the whole fucking world is losing the war against them.

this is starting to depress me. one last kayla and then i'm hiding this thread. I can't take all this negativity.

>>133024958
Welcome to the trifecta of shit-tier people coming from California, New York, and Illinois. These states are precisly dead because of people like you fucking them up and then leaving after the fact to spread your plague further! Congratulations, big shots! Pat yourselves, no please, please, I insist!

>>133024958
They reached a deal to kick the can down the road and make things worse for themselves in a year.

>>133025840
Some guy on twitter that his property taxes are higher than his mortgage. What do they pay?

>>133027248
>God, I hope to see livestreams of doddery old fucks rioting in every main street of Illinois as their pensions and medical payments are missed.
it won't happen because the pensions are secured by the constitution. illinois doesn't have enough republicans in the house and senate to amend the constitution.

furthermore, some of the republicans in the house are traitors/RINOs that voted in line with the democrats for a permanent income tax increase and no new reforms on the budget. if all the republicans voted no the veto would have not been overridden and democrats would be forced to pass at least some reforms.

>>133027059
So decades of Democrat control and corruption don't have anything to do with Illinois not being able to pay for its massive socialist programs?

>>133025868
QE will make things worse the longer they keep the facade going.

We did it before it was cool.

LET ILLINOIS BURN, ENJOY THE CHIMPOUT COMING OUT OF CHICAGO FUCKFACES

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>be me
>lived in a basement apartment for 7 years
>moved out the city and bought a house in suburbs
>a year later, state is gonna collapse and have to move out again
>mfw

>>133026559
The thing is that there is state and federal loans, and they are not the same thing.

Federal is not a worry.

States are. For example, with the new taxes Illnoise will be able to make payments in Aug, they still have deep holes and they will be borrowing more money to pay off debts owed they already pay 200 bases points more then states who are sound with their money, and when Fitch and Moody downgrade them again it will be 300-400 basis points.

And the taxes are so high they are already running people away. The only way to to fix the issue is gut the pension or gut the government services, both of which are deeply unpopular.

and the feds will not bail out the state.

Just dodge taxes and store your money offshore like the rich.

>>133027721
chicago tribune is actually attacking the cook county assessor this year.

they discovered that lower priced houses are over assessed, leading to situations like you pointed out where taxes can be higher than the mortgage. meanwhile, expensive houses can be under assessed by as much as only 50% of their true value. so those people pay only half of what their taxes could be. this means that the poor are paying more than they should, while the rich are getting substantial breaks.

i bought a house for 190k that's assessed at 260k. the taxes are almost 8k a year, or about $670 a month. the same amount as my mortgage. i'm in the process of appealing it, but the assessor office is known to be a corrupt shithole so if you don't use a connected lawyer's firm (like that crook madigan) it's likely they'll reject the appeal.

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>>133027333
It must suck being perma-triggered

>>133027391
I'm your huckleberry.

I'd like to see some analysis of the actual size of the pension liabilities relative to the size of the state economy first of all. Might just need a haircut.

As for seigniorage, the question becomes the size of the printing relative to the rest of the economy, which I don't think is that high. Moreover I don't know how you'd actually use money printing to buy pensions liabilities unless they were somehow going to buy assets direct from the federal reserve or something

>>133027837
I don't know about the pensions, but the recent drama was directly the result of an extremist GOP governor being an obstructionist, anti-tax jihadist retard. They overruled him and things got better.

Similarly California got the GOP out of the state government and suddenly they were somehow magically able to govern again, and Kansas was somehow magically able to balance its books too.

But
>create a stupid fake crisis
>blame "big government" and the democrats
bullshit typical of the anti-American anti-tax jihadists making up the core of the current GOP.

Seriously people are starting to notice, bigly.

>>133027721
2.67 percent

watch this

https://www.youtube.com/watch?v=31BxmYhhD9Y

>>133028311
I'd just move to Wisconsin or Indiana if I were you.

>>133028320
>I don't know about the pensions
over 120 billion in the hole

>>133028122
on top of this, Trump promised to cut federal fund to sanctuary city, so who know how much damage it would cause.

>>133028470
ok... 120 over what timeframe? How big is the tax base there?

>>133025413
w...what? no.

They raised the state income tax 32% and passed a budget for the first time in almost 3 years.

Republicans jumped ship and voted to raise taxes. The governor vetoed (he was in favor of a temporary tax increase, this one is permanent) and wanted structural reforms to accompany it.

His veto was overridden by the bare minimum needed.

The outlook still isn't great, but this is an enormous step away from bankruptcy.

The biggest risk was if a deal was going to fail, bonds would be rated junk. They mentioned that may still happen even if taxes are raised, but haven't yet.

It's better now. The state has a permanent form of increased taxation in the form of a 4.95% flat income tax (rather than the 3.25% it was before).

Still some bumps ahead, but the storm is over.

>>133028320
>this is what keynesians actually believe

>>133026274
she lives!

Reading articles about the pension fund these past few years has been truly hilarious. How does it feel to know that that some rich fund guys with political buddies have been bleeding cash out of your pension fund with a fucking firehose for years and years?

>>133028693
my post had literally 0 to do with keynesianism though

nice vocab word nigger, had to spellcheck it

>>133028364
Flee immediately

>>133028452
i would love to move, but i have a year of grad school left and there is fuck all in terms of jobs related to what i study in either wisconsin or indiana. in fact, the places with related jobs are almost all leftist shitholes.

i'm just hoping that illinois reaches a boiling point, all the scum leaves when the gibs end, and things get unfucked. that's still probably at least a decade away, though. it would have happened sooner if not for the republican traitors overriding rauner's veto.

Who else here is genuinely excited for the return of feudalism? Just imagine: no more high taxes, no more whining about equality and "muh rights," no more being slaves to the financial jew- just working 4 hours a day, 3 days a week, caring taking care of your family and community and thanking God. I can't wait for the West to collapse.

>>133028832
Only Krugmanites believe the retarded rosy picture you painted where debts never come due and higher taxes have no negative effects.

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Illinois needs to just cancel all the pensions. Nobody deserves a pension anyway.

>But muh police, fireman, etc... pensions.

If you're not willing to do a certain job without a pension, you are easily replaceable. At this point in history, everybody is replaceable, because there are 25 people willing to fill your spot, and the odds are that they can do teh job just as well, if not better than you. You are not a special snowflake.

They need to remove unions from all civil jobs (police, fire, etc....). There are plenty of people who can do those jobs just as good, who won't cry if there is no union for them.

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>>133028670
how is the storm over? illinois has the highest or second highest property taxes in the nation depending on the year. this was somewhat offset by the relatively modest state tax, which now increased by 32%.

just look at this shit.

>>133029104
What's your field?
I moved from Illinois (Belleville area) to St. Louis, and there are jobs a plenty over here (especially in STEM). Most of the STL county hasn't been overrun with nigs yet, and parts of South City are pretty decent.

>>133029212
You must be thinking of someone else, or you're just crazy, because that's not what I wrote. Also that's not what any trained economist believes. Anyway, read a book and/or get on meds.

>>133028670
>The outlook still isn't great, but this is an enormous step away from bankruptcy.
You have a Detriot problem on a state wide basis. Yeah, I'd say you might have a problemm but keep on kicking on.

>>133029492

That chart is disgusting

>>133029492
If you can't afford the property taxes, no matter what they are, then don't own property. It's that simple.

The problem isn't that the taxes are too expensive, the problem is that you can't afford it.

>>133028749
it's no better than knowing that a good chunk of your taxes goes straight to some government shithead that fucked around for a few decades and got a promotion right before retiring so that his pension would be bigger.

>>133028670
hurr durr, permanently increase the tax! that'll solve our gibs policy! durr durr

fucking kill yourself chicongo faggot

>>133029628
rocket and jet fuels and combustion.

>>133029293
Yeah, they're are people lining up for those jobs who are willing to sacrifice pay and benefits to get it. However, like anything else you get what you pay for. I personally would not want my police, fire, and ems services any more inept then they already are.

>>133028574
Total tax revenue per year, for all revenue (include fuel taxes and so on) is 38 billion.

the total hole is 130 billion. Each day it grows by 20 million as it not being funded enough.

>>133029825
My favorite part about renting is knowing increased costs never get passed down to me, which is why I'm so confused why it keeps getting more expensive every year.

>>133030254
Shhhhhh! The kikes might hear you!

>>133029680
>hurt durr just give Democrats total control to raise taxes and everything is fine

>how dare you accuse me of keynesianism

>>133028670
>bonds would be rated junk. They mentioned that may still happen even if taxes are raised, but haven't yet.
Will be as soon as the state issues the six billion more in bonds that the plan calls for. The rating agencies have stated that any issuing of new debt (and not debt specifically to roll over existing bonds) will result in junk status.

>>133029825
higher property taxes means higher rent, or do you seriously think landlords will let their profits slip?

>>133029110
A resurgence of small communities banding together, building walls around neighborhoods to repel raiding bands of minority's, tilling up yards and vacant fields to plant crops, hunting, fishing, gardening, animal husbandry, attending church on Sundays. It's going to be glorious.

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>>133028670
keep dreaming faggot. can't wait for your state to collapse as niggers live stream the biggest chimpout and looting spree ever so I can watch in my comfy bed.

>>133030598
Sounds comfy, but it would just be more efficient to wall off the big cities and pay people to stand watch and shoot those that try to escape.

>>133030456
In summary.

Most states pay 2% interest on bonds.
Illinois already pays 4.25%

Illinois also has billions in debts that are growing at 12% a year (for non-payment after 90 days).

The plan calls for the issuing of 6 billion more in bonds to pay off debts that are growing at 12% per year.

That will result in junk status, so bonds will be at 6.25 to 7%. But as old debt needs to be rolled over, they will be paying that higher rate for all other money owed.

>>133030179

No you don't get what you pay for when it comes to labor. You just tell yourself that to rationalize that you should make a certain amount per year. There is someone who can step in and do your job, just as good, if not better, and they'd be willing to do it for less.

>But I need to make a living.

No you don't. You want to make a living, but you don't need to, because society can replace you in a heartbeat. If you became homeless, you would be easily replaced and the world would go on just fine without you.

>>133028320
Well. You implied that the Fed was going to purchase Illinois bonds as the buyer of last resort, which would indirectly secure pension liabilities as well as support Madigan's machine. If this isn't what you implied, then clearly I'm in the wrong and I'll get back to painting that fence.

>>133029110
That's all fine and good until you realize your neighbors aren't Mr. Rogers and aren't and don't think and behave like your way of life. Enjoy.

>>133030776
i.e. they shot themselves in the foot, but at least they passed madigan's budget so he's happy.

>>133030891
Nigga, you dumb.

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>>133030216
So, what's the yearly deficit projected to be including debt servicing? Does the new deal help?

I'm googling this stuff and as always it's amazing how little useful information there is out there. I'm reading something like $17billion/year in pension payouts which is high, however.

>>133030445
>>133029937
Government expenditures need to be contained, yes, but seriously dumbasses, if you have a problem of government debt then bringing in more tax revenue helps.

Jesus christ it's basic math. Whatever, just keep blaming having to pay any taxes whatsoever on the mere existence of black people and wondering why people don't take you seriously.

>>133030989
>You implied that the Fed was going to purchase Illinois bonds as the buyer of last resort,
Actually I said that this was unlikely in response to someone suggesting using money printing to pay illinois pensions.

>>133024958
democrats

>>133029110
Feudalism? Try more like Warlordism. You think big government is bad? Wait until you deal with a militia. Your rights are whatever the warlord decides they are, and you pay whatever the warlord wants you to pay, and if you don't like it, then the warlord will give you the bullet as option B instead.

>>133028670

Thank you for clarifying that retards old information.

>>133029825
based retard

>>133031196
Ah. You win internet points then. But still, raising taxes isn't going to solve the problem as long as liabilities grow faster than what the taxes can be reasonably raised.

>>133028320
>Moreover I don't know how you'd actually use money printing to buy pensions liabilities
That is simple, The illinoise pension issue bonds that the central bank buys to produce a interest rate well below market rates.

Illinois pension sells bonds paying 1% to FED
uses money to buy government bonds that pay 3%.

2% is profit by abridge to increase the wealth of the fund.

Just that they will hate to do that since many other states outside of the south east (and a few in the south east) have such big holes.

My state is thankfully 95% funded.

>>133024958
Kansas is in same shape after years of Republican tax cuts.

Uh oh. Now what?

>>133028311
this makes me so angry, 8k a year!

>>133030517
>higher property taxes means higher rent,

Then it means higher rent. The reality is the same. The problem is that you can't afford it, not that it's too expensive.

>>133026838
>All huge cities have no-go zones. Deal with it.
nigger detected

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>>133031447

The only problem with that is that it'll guaranteed increase money velocity, which will lead to inflation. How much inflation that is, I don't know.

>>133024958
Also, Louisiana is in trouble. After Jindal tore them a new asshole.

Had to elect a Democrat to try to fix it.

Uh oh. Now what?

>>133026274

I would inhale her butt queefs.

>>133031196
>if you have a problem of government debt then bringing in more tax revenue helps.

People and businesses are leaving the state dipshit. "We just need to squeeze more" is not sustainable given they're already squeezing more than every other state and that they're still accruing debt at ever higher interest rates.

>>133028311

Why did you buy it then?

All of the tax rates are public info. You bought it and now you're upset because of something that already existed before you bought it (the tax rate).

Quit crying like a little baby.

>>133031211
If your warlord sucks then join one with a better deal.

>>133027837
This was the GOP's fault actually, in particular Illinois's retarded governor. He wouldnt back anything with a tax increase until now and the shit got so bad that even republicans overrode him on a massive tax increase. Had he just agreed to a more moderate plan years ago Illinois would be in a much better shape with less debt and less taxes.

>>133031575
based retard

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>>133031094
Yea, they kicked the can down the road for a another 3-6 months.

>>133031196
>So, what's the yearly deficit projected to be including debt servicing?
The pension is going 9.5 billion in a hole each year. (2015 was 111 Billion, now it is 130 billion)

>>133031196
>I'm googling this stuff and as always it's amazing how little useful information there is out there
There is plenty of info.

>>133031892
did you ever stop to think why he didnt sign bills with tax increases?

>>133031891
That's historically why people fled to the Cities in the Middle Ages. To escape their tyrannical masters. The problem is that fleeing isn't always an option. Like if you own property or have commitments in your city. So only single men really get to take advantage of this option,

>>133030179
You're already paying for people that despise you and don't want the job. Take the overinflated pension and benefits away and you willl get the people you actually want. Gibs invite parasites, hate to break it to you.Must be a shock, I'm sure.

>>133025413
>Illinois exposes the rot
Based Illinois?

>>133031771
>People and businesses are leaving the state dipshit.

This is not going to change, no matter what policies get put in place. Why would you want to stay in a "flyover state" to live, work, or own a business? People have finally woken up to this, and are getting the fuck out of the midwest, to places where life can actually be enjoyable.

The entire midwest is a "flyover region". It's only use is for farming and storage, other than that it's useless.

>>133031494
Kansas issues are peanuts compared to Illinois.


>>133031196

In fiscal year 2015, the most recent year for which information is available, total contributions of $12.7 billion were made to Illinois' state and local pension systems.

In fiscal year 2015, Illinois' state and local pension systems made payments totaling $17.6 billion.

As of fiscal year 2015, Illinois' state and local pension systems held $158.6 billion in total cash and investment holdings.

>>133032057
Families can move too. It wasn't until the past couple of decades Americans stopped moving around so much.

>>133032278
Wrong, many of those companies are moving to Kansas City/overland park or indianapolis

>>133031843
because after about 10k in repairs and renovations and some elbow grease it's worth ~300k, shithead. since i bought it for only 190k i can use that to appeal it's assessed value.

>>133024958
The 15$ an hour minimum wage shit they just passed is the nail in the coffin for them.

Give it some time they will be begging the feds for a bailout just like CA,NY and MA are doing atm

>>133025868
I don't deny that they will print their way out of this problem, but they cannot print forever.

>>133032390
Yes. But again, the cost of literally becoming a refugee is very high, especially since your Warlord is likely to confiscate your property and/or prevent you from leaving. But I feel like we are missing the forests from the trees here. Feudal serfs had less rights than people under our own shitty democracy in the present. Sure, there were less taxes. But the feudal lords could literally fuck your daughter and there'd be no recourse to stop him.

>>133032278
Useful people are leaving California and New York for other states too, they're just offset by immigrant slave labor and faggot millennials who want to live with other trendy idiots.

At some point the laws of economics will prove not every goddamn tech company has to be located in Palo Alto.

>>133032522
>Many are moving

What is "many" to you, is nothing to the rest of the country.

>>133028670
I read that they're still very likely for a junk status downgrade because recent tax projections and actual tax income have been way off so the 32 percent increase will not help nearly as much as they're claiming it will, junk status is essentially impending

>>133032525
>I fucked up but now my problems because your and especially when I get an outlet to complain
Get over it and get out.

>>133031350
This is true, and it looks like Ill. will have to do some pension reform, though I don't know how drastic it will be, or can be given court rulings.

>>133031447
>>133031705
I'm not sure it will. If we're talking about $17bil./year then it won't have that big of an impact.

Even if used more widely, it's enabling the government to make payments they were planning on making, so the primary inflationary effects would not be from increased consumption due to a greater money supply. Rather the inflationary impact would come from the absence of crowding-out and lower interest rates caused by the government not having to go to the market to raise money. Given inflation is already low, this doesn't seem too bad.

But I'm not sure the federal reserve would participate in something like this. I'm pretty sure they closed most of these weird windows when the financial crisis abated.

>>133031771
>People and businesses are leaving the state dipshit.
Yeah the supply side shit, I'll believe it when I see it. High taxes always drive people out, low taxes always attract them, except it only happens in the supply-side imagination.

>>133031965
>The pension is going 9.5 billion in a hole each year. (2015 was 111 Billion, now it is 130 billion)
>There is plenty of info.
Meh. "actuarial unfunded liability" doesn't mean much to me. I should really start a blog or something to get relevant numbers together.

>>133032367
>In fiscal year 2015, the most recent year for which information is available, total contributions of $12.7 billion were made to Illinois' state and local pension systems.
>
>In fiscal year 2015, Illinois' state and local pension systems made payments totaling $17.6 billion.
Somehow a $5bil yearly shortfall doesn't seem that scary. I forgot that a lot of the pensions can be payed in a paygo fashion from contributions of current workers... but I'm sure future cost of living increases and longer lifespans can make more serious problems. Yay haircuts

>>133032850
Dear Californians:
Fuck off; we're full.
-Oregon

>>133032914
you must be a boomer retard with these hot arguments of yours.

>>133032850
>Useful people are leaving California and New York for other states too

You mean REPLACEABLE people are leaving California and New York

>>133032990
learn english.

>>133033066

Not a boomer. It's just math. All of these "many" companies that are leaving illinois could go out of business tomorrow, and the rest of the country will be just fine.

>>133032761
I'm not conviced our neo-fudalistic future is going to share the same characteristics as the societies coming off hundreds if years of Roman rule, barbarian invasion, plague, and slavery based agrarian economies.

But your points are well taken. I'll settle for Balkanization.

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>>133030179
you sweet summer child

>>133033087
>replace self-made entrepreneurs with La Raza
genius

>>133033142
You yourself, big shot. A typo or two doesn't negate my actually ethnicity, unlike yourself.

>>133032998
Hey Prof. Krugman, I didn't know you posted here.

>>133033420
a typo? that shit isn't even a coherent sentence.

who were you quoting anyway? this isn't reddit.

>>133027131
Yes it's gone. Who cares about the fucking trap

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>>133031211

You don't understand feudalism. The version of feudalism you were taught by your Liberal revisionist teachers is nowhere near what it actually was. The fact that you are unable to conceive of a political system where rulers are kind and emphatic indicates that you are a political bigot, like most Liberals.

>>133033058
We crossed that bridge in the 90's unfortunately. I'm thinking about moving to Idaho.

>>133025868
STOP COMMENTING ON ECONOMICS RETARD

>>133033498
It was a good analysis regardless of politics, so I'll take this as a compliment.

>>133031498

In upstate NY you can pay that on a house that's $120k

>>133025413
>Tldr the western world faces economic collapse in August when illinois insolvency pops every industry bubble in the first world
Lol wut.
I bet you think the US is "just printing monies!!!"

>>133028320
They're taxing us to shit, I want Rauner to block the taxes, we keep getting taxes more and more and no one wants to tell the commie boomers ruining our state to fuck off, I can't do it anymore. It's not anyone's fault but the democrats for pushing massive socialist promises they can't keep. I can't even leave Illinois now. I hope it all crashes and burns and the whole world watches democratic socialism fail again.

>>133032914
Texas, Florida, Indiana, Arizona, and Missouri are 5 of the top six states that people leaving Illinois move to.

Illinois leads the nation in population loss.

>>133033583
Feudalism was only good after the year 1000, when things like Chivalric Codes, Heraldry, and the Church governed people into being ethical. In the Feudal era of the Early Middle Ages, it was a dark age for Europeans. Besides, if you really know your shit, you knew that the Monarch wasn't the most important person in your life, but your Local Lord and your Priest, who were closer and therefore more involved.

Just an outsider looking in here, but wouldn't it help if you just got rid of all the negro's?

>>133033231
then you're as daft as a boomer. ignoring problems or calling them non-problems doesn't mean they don't exist/aren't problems.

illinois has the highest net loss of people of any other state in the nation. that doesn't signal that the state is in good shape, and it's not a single problem either, but part of a more complex problem that is causing them to leave.

people leaving means shrinking employee pool, which means companies have to pay more to attract people out of state, but they just got slapped with higher taxes, too. why not leave for greener pastures? everything is connected, but boomer retards are too daft to see that.

>>133033408
>>replace self-made entrepreneurs

Yes, they are not special snowflakes. Someone else could fill their shoes and do just as good of a job.

Everybody is replaceable. You, me, everyone.

>>133033688
>here's why these factors driving increased borrowing costs don't matter
>nobody moves to keep more of their money, that's why Texas is in dire straights and Ireland isn't corporate headquarters for any significant companies

>>133033974
Don't be racist goy

Nothing too drastic. It'll just end up like Michigan now. People will move out of Chicago and the suburbs will be rich.

>>133032998
>I'm not sure it will. If we're talking about $17bil./year then it won't have that big of an impact.
Your math is a bit off.

it would need to be somewhere in the range of a 238 billion dollar injection to try to fix the pension by debt. Even then it might not work.

>>133034100
Illinois leads the nation in population loss. Even with Hispanic migration it not making up for white and black flight.

>>133034100
Chicago has been shrinking since the 60's though. They're past moving to the suburbs.

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I'm so angry. I have a friend who is very democrat.

> Bring up how our state is stupid and have provided EXTREMELY generous pensions to people in the past and we need to find a way to stop / reduce payments or we are fucked long term.
> "But Anon, imagine if you worked your whole life to earn that pension."
> I'll NEVER have the opportunity to get a pension like that and if I can today, then that's just part of the problem!
> Anon, we owe it to these people.
> Then what's your solution?
> I don't have one, but I'm moving.

RAGE.

>>133033878
>Illinois leads the nation in population loss.

Not sure what you're point is here. The entire state can become vacant land, and the rest of the country will do just fine.

>>133033900

Oh god haha. You actually believe the "dark ages" myth? You know the term "Dark Ages" was coined by Liberal revisionists to make their shitty system sound good by comparison, right?

I bet you are one of those normies who unironically believes we are living in the "Age of Enlightenment"

>>133034475
Age of enlightenment ended with the French Revolution.

>>133033974
chicago metro area is, i believe, about 70% of the state's total population. all of chicago's politics revolve around pandering to niggers. chicago politicians love pushing these programs for niggers and spics, because they direct some of the funds to their own pockets. of course, chicagoans continue voting these people in and support the nigger pandering. so to answer your question, yes, that would solve the problem but it won't happen because the people won't let it.

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Wish I could say you'd be missed.
-Rest of Midwest

>>133034418
It was reference to the anon that said people were not moving out of Illinois.

and it is very big issue when it comes to budget, as the state is losing taxpayers at a high rate.

>>133034418
The point is that if everyone leaves Illinois, Chicago is just going to turn into Detroit.

Yes the state is fucked. Yes the rest of the country is fine, that's not the point. This is an Illinois thread.

>>133034045
>Everybody is the same like a commodity
>People who grew up in a culture of failure can rebuild civilization 'cause that's what people do
t.Communist

>>133034475
Dude. The High Middle Ages was comfy tier. More people were alive in Europe then the supposed Age of Enlightenment. All I'm saying, is that Feudalism isn't an 'upgrade' from what we have, especially in a modern society that requires a professional army.

>>133034640
Illinois should invite Refugees in. I'm sure there are millions of doctors and engineers from the Middle East who are desperate to pay off pensions for the Democrats.

How about this:

Trump: IL, we can bail you out but you have to end your sanctuary policy

IL: austistic screeching.

Thoughts?

>>133034822
Not worth it.

>>133034408
Your friend needs a spicier red pill

>>133029492
>Wisconsin in 3rd

Sunuvabitch.

>>133034822
Just hold other federal moneys till they break.

>>133034822
>a dead state can be a sanctuary city
No

>>133034603
That's what I gathered from the situation. All they seem to be worth is votes for the democrats. Urban plantations, the only winners are the selfserving. It's tragic, really.

When the fuck is president Trump going to carpet bomb Illinois?

>>133034408
why don't you ask her who's going to pay for it?

>>133035240
>Illinois isn't already carpet-bombing itself

>>133033087

Top of the heap, right there.

>>133035558
Replacing people with people worked great for Zimbabwe. Not like people are different or anything

>>133031843
You still pay property tax if you rent retard. You think you're landlord is paying for that? Get real

>itt chicagofags project and try to justify paying exorbitant prices to live in a nigger and minority infested-dump that has bankrupted an entire state due to intense liberalism and jewry on all levels of government
let it burn, ill be laughing from the good side of the river

also your women look like shit

>>133035759
I don't understand why this myth persists.
>hurr durr I don't pay utilities separately therefore I bathe for free

>>133034640
>and it is very big issue when it comes to budget, as the state is losing taxpayers at a high rate.

If the budget fails, it fails.

If the state fails, it fails.

If the state becomes vacant land, it becomes vacant land.

It will not be the end of anything, except the state. The rest of the country (and the world) will go on.

>>133034716
>turn into Detroit
Detroit turned to shit because all the car manufacturing jobs left. Chicago will never be like that. Most private jobs in Chicago are service based, like finance, engineering firms, or performance arts. It transitioned well from early 20th century industry to mid 20th century services.

It's never going to be like a Detroit. There will be always people who will stay.

>>133029825

Wow, that's one of the stupidest thing I've ever read.

>>133036223
the guy is an obvious retard. the whole thread he's been doing nothing but posting nihilist bullshit.

>>133036165
>muh auto industry
LOL it's definitely summer
Detroit failed because of the model cities program. All industries go broke. The question is why aren't new businesses being created.
Chicago will turn into Detroit. You will live to see it happen and eat your words

>>133036098
Thanks for your brilliant insight during this entire thread friend. My mind was truly blown upon learning that even after the last human perishes from this earth the stars and plants will continue to orbit for many years and that the universe will still exist. Such an astute observation from an intellectual such as yourself, I pity foolish simpletons like this fellow, >>133034716

>>133033295

I don't think you understand the difference between overhead and profit.

>>133036646
Nah, I live in the near suburbs of Chicago. I know what I'm talking about. Chicago will experience a good amount of decrease in population and then it will stop. Because you know, there are jobs there. Most real estate firms throughout the Midwest have their HQ there. Boeing is there. A fuck ton of tourism is there.
Detroit was never a tourist area.

>>133036817
Well said

>>133036165
Chicago turned to shit because the middle class tax base left it because middle class jobs disappeared and the democrats taxed people to death pushing people away

>>133036817
Literal, wut?
.

>>133036912
Yeah, and I used to live in Urbana. So fucking what. When people are leaving the state due to tax hikes, there goes your so-called real estate industry. Who the hell want to be a shot tourist in Chicago, anyway? Why the fuck would anyone outside the state ever visit Chicago? I remember driving there for Thanksgiving, but why the hell would anyone who had the option to drive literally anywhere else go there?
The state is sucking the last vestiges of productivity dry before they leave. IL will be circling the drain in no time

The reason IL is fucked is because they are chasing away the job-creators. When that goes, so goes the entire population. The only people remaining will be gibs this, gibs that. Hell, the pblic school system in IL was already like that for decades. Chicago will be the next Detroit. Watch and see it happen

>>133034716
>The point is that if everyone leaves Illinois, Chicago is just going to turn into Detroit

Not sure why this bothers you. People and companies will relocate elsewhere and keep going.

>But then the state won't survive

Again, not sure why this bothers you. Everyone can move out of the state and there can be literally zero taxpayers there. The state's bills won't get paid, and the people who are owed the money won't get it, or will have to settle for pennies. This happens every day in every part of life and business.

>>133037333
Plenty of middle class around Chicago. From Evanston, Elgin, Naperville, and Frankfurt. The middle class are leaving the city, no doubt but more are moving to the suburbs than out of state because their jobs are still here - but it's the millionaire who are fleeing.

>>133037973
The very real problem is when people leave their failed state, they bring their failed politics with them

>>133037973
Anon, you seem to be under the impression that it won't cause huge stresses when Chicago crime gets exported, or what 155+ billion in state debt defaults will look like.

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>>133031892
Madigan and the Democrats have literally ran the state since 1977. Fuck you you union fuck, you are less than human and your mother should die when you least expect it. Maybe she has already shat her self in the kitchen.

https://www.michaelmadigan.com/

>>133038791
Crime doesn't get exported, though. Crime exists everywhere where it's allowed to flourish. Look at those gang members who fled Katrina and thought they would be let out of jail in Texas.

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>>133026274

>>133039264
>summer fag
>>>/b/

>>133024958

Republican cucks in their state legislature folded and helped the dems pass a massive tax increase. The republican governor used a veto that they overturned. They fixed none of the problems that led to this mess, and only succeeded in giving motivation for their tax base to flee to the hills.

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>>133038072
All the places you listed are not middle class towns. If your household income is 200k+ you are in the top 5%. Those are not middle class people. Middle class make less than half that and yes they have fled the state.

Newsflash your parents are fucking rich, even if you dont feel rich. Also how is your summer break going?

>>133025840
That 32% rise in income tax is horrifying. I would absolutely leave that state.

Hey Illinois conservatives, move to California and help us take it back! At least you will get lovely weather, Yosemite, beautiful mountains, skiing and beaches....!

>>133039580
>There is a difference between the parties in IL
Republicans aren't cucks. They're in it for the graft just like the Dems. The only reason people call them cucks is due to lip service, but in reality it's the Republican voting base who are the cucks.
Kick them all out.

>>133026838
I've visited Chicago a number of times. There are a FEW lovely areas, some great museums, a few more grubby but acceptable areas. The rest of it is complete shit to actually horrifying. And the ghettos go on for-fucking-ever. You drive for HOURS and nothing improves, nothing. It's a vision of hell.

San Francisco, liberal shithole though it is, is so much nicer and safer that it's not even funny. Modern NYC is a lot more pleasant too. Hell even Miami has more to recommend it.

Chicago and Detroit are the nadir of America's cities. Stop deluding yourself.

>>133029492

>delaware 2nd cheapest

Ive never been so happy to live here.

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>>133030723
IL will not collapse. The state may be forced to sell assets. This is an opportunity to buy up like a fire sale. The doom and gloom peddlers spin the narrative so people welcome (((solutions))). Those who are juiced in with Madigan will be just fine. Budget crisis is sustenance for megacorps.
The hysteria is indicative of a successful brainwash on the uninformed/unintellegence.
Chimps will chimp out regardless, and are mostly localized unless Soros pays to bus them.

>>133040343
>>133040343
>>133040343

This guy knows. Everything he said is exactly right. Couldn't have said it better myself.

>>133040692
This reeks of Confirmation bias. So the plan was to build a political machine, get heavily in debt from such machine, then sell out such assets to pay off that debt for the mega corporations?

https://www.youtube.com/watch?v=cHLSNGHyHKI

How is any of this sustainable?

>>133040343
this

>>133040343
I lived there for 10 fucking brutal years and it's a complete shithole, live in the mountains now. No one likes being chased by niggers or being shot at and stabbed. Chicago is a death rat trap of misery and debauchery.

>>133040343
Cities in general are shit tier civilization. SF has more crazy street people per square foot than any where on the planet. The only reason you didnt hit the non-tourist areas in NYC is because it is big enough to hide them. Stop trying to defend any of them. The Major financial districts in any city are the only reason for them to exist anymore. And even then it is more tradition than anything, the whole idea is outdated as fuck.

>>133038072
>Evanston, Elgin, Naperville, and Frankfurt
If you family household income is 150-200k, you are not middle class.

>>133043610
Boy those people sound greedy. Maybe they should give me some money to reduce income inequality :^)

>>133043610
>If you family household income is 150-200k, you are not middle class.

If you have to work for a living, you are working class.

>But I make 100K a year

If you are trading time or labor for money, you are a wageslave, no matter how much you make.

>>133044325
Naa, I don't mind the rich, Just don't call themselves middle class when you are earning 4x what a average household makes.

>>133024958
Hartford, CT is also going BK

>d diversity is our strength

>>133044527
Anon.

I said middle class, not working class. So fuck off.

>>133044566
I don't either, I just enjoy pointing out what real redistribution would look like. In reality though, it goes to public employees, not "the poor."

>>133024958
>Barry was part of the Illinois Machine
I understand why we have so much debt now. He really did learn from the best.

It won't really be a happening until California goes bankrupt.

>>133044789
Yep, government services pay for educated folks to provide services to poor folks, without solving the underling issues of being poor.

Hell, we would be better off, all joking aside, to pay the Mormons to give welfare to those who are in need. They might be cultist, and they might be too nice, but they actually can with a phone call help a family in need and also train them to make better choices to get out of the poverty cycle.

>>133044793
Yes, beneath the veneer of lofty rhetoric and respectability was always the beating blue heart of a Chicago politician.

>>133044999
No question. Mormons are the most decent people around. Their political leaders are a mixed bag (McMuffin bad/Mike Lee good) but I've never seen a more successful and charitable group of people.

Their daughters are really hot too.

>>133044949
California pension hole is $279 billion.

Only Wisconsin, Washington (state, not DC), North Carolina, South Dakota, and Tennessee have healthy pensions.

Illinois, Kentucky, and Conn. are under 50%. Porto Rico is 8%...

>>133045206
>>133044999
They also don't drink so when you're friends with them in high school you make A LOT of homemade explosives for fun.

>>133045206
McMuffin is more CIA then Mormon.

And agreed, they are wonderfully wholesome.

>>133026417
>Illinois
>print money
Kek

>>133045410
around here they are the local gun nuts. How I met a lot of them. And I don't mind shooting with them as they are not drunk and understand safety.

>>133024958
It's still happening. It's just a combiation of stopgap measures and media semi-blackout.

Illinois raised income taxes by 32% (not percantage points) and this will fail to procure more taxes because they are well over the hill on what they can tax without reducing productivity.

>>133045556
I make a point to chat with and offer refreshments to any missionaries that stop by. I'm not religious but they appreciate it all the same.

Never talked with a Jehovah's Witness though.

>>133024958
THEY RAISED MY FUCKING TAXES LIKE 6K/YEAR MOTHERFUCKING DEMOCRATIC SCUM DIE MIKE MADIGAN REEEEEEEEEEEEEEEEEEEEE

>>133045620
It wouldn't shock me if Illinois started to try to issue IOUs as partial payments if their finances do not improve. Sure they will find a legally sketchy way to do it.

>>133024958
Who cares?

>>133037411
i dislike chicago politics and the dumb fucks that vote for them as much as the next guy, but to say that chicago is dying would be a lie. the real estate prices keep climbing hear after year, and new developments are not slowing down. neighborhoods that were considered shitty before and that no one wanted to bother investing in are now seeing new condos and townhouses being built that are sold for 0.5 to 1 mil each.

>>133045664
Oh yeah that too. First AR-15 I ever shot was at a friend's bachelor party. He got done with his mission in Mexico and was married within like 7 weeks.

We shot up some non-alcoholic beer bottles and roasted hot dogs in the middle of a field. Great time.

The problem is from insane pensions given to city and state workers which is often cops/firemen/construction etc.

SanAntonio just recently made some cuts because they are having small problems too.

Ill gov decided to attempt to take all the pensions of all the successful smaller towns throughout the state to help with the debt.

For people who think its only an Illinois thing are wrong...imagine 1000s of cops and firemen waking up to no pension. Enjoy the very people who have guns being pissed off cause of no pension.

Only thing to keep the peace is the very people you are taking the pension from.

Watch the domino effect after Illinois ends up being the first state to go through this. There are others in this situation as well and will take advantage of any government handouts once case law is established.

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>>133024958
Reminder that this year is the start of the collapse.

>>133045731
>Never talked with a Jehovah's Witness though.
Mormons are fine, the lady missionaries are actually wonderful. I always offer them ice water and something to eat to talk to our family.

Jehovah witnesses are much more cultist then the Mormons. The only person I know who joined that church liked the idea of not giving his family Christmas gifts.

>>133043610
What kind of idiot bullshit is this? That amount of money makes you upper middle class easily. You sound like dumbass McCain who thinks you can only be middle class if you make 2M a year.

>>133046120
I am saying if you make 150k-200k you are too wealthy to be middle class. You are wealthy if you are making 150k a year.

>>133033689

I have a small farm in the midwest and a home on Cape with a "private" beach my property taxes are 3/4 of that. I rent out the house for the hottest month for 30K US$ or 20K US$ if cash.

>>133046120
what is it with you, were you born retarded or was it after the fact?

>>133028670
Politicians have figured out they can literally hold the state hostage with this shit every year for whatever laws they want. It will get worse before it gets better.

>>133039410
Fuck off.

>>133046291

The secret is to make almost nothing but keep amassing wealth. Heavily discount services for being paid in US mint gold eagles...they have a value of 50 dollars at a banque but worth whatever gold floats at.

>>133046354
how much did you buy the home for and how much is it worth now, because that's an insane amount of money for just one month.

by cape you mean cape cod, right?

>>133045930
LOL, since when do booms slow down before they crash? Those condos aren't being built or bought with cash, either. It's all funny money

>>133047043
you said chicago is dying and now it's in a boom, which is it?

also, the key point here is that these are neighborhoods that no one bothered with even during the housing bubble. if you look at them the properties for sale were either built in late 1800s/early 1900s or within the past few years. they also aren't build to be affordable, they are aimed at the wealthy, and they sell out. some of them before they are even done being built.

>>133046842

Yes in the Ayer Lane section of Harwichport. The other stuff I won't tell you but I would expect to double my money and the fee isn't that dear as it is very quiet and most of the renters are by word of mouth and want to do nothing but vegetate and be able to walk to a liquor store and beach and are usually someone notable. It's much cheaper than a trip to any Disney resort proportionately.

>>133047462
But under what sort of loan arrangement.

I sold plenty of condos. With no money down, first two years of payments escrowed in the boom years. Got out in 2006 just at the right time.

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>>133044609
Don't worry, the economic activity that will crop up around the minor league baseball stadium they just built will surely save the city.

>>133025868
>no one will remember you
I'll always remember Kayla.

>>133047615
https://www.zillow.com/homedetails/11-Atlantic-Ave-Harwich-Port-MA-02646/55904713_zpid/?fullpage=true

so i assume it's in line with this? the funny thing is that that's actually cheaper than i expected because that's a pretty large home and it's right on the beach.

>>133028320
You cannot be this stupid. The GOP governor was trying to get reforms needed to actually fix the problems but the buttfucking retarded dems wouldn't send any budget his way that address the real issues with that state.

>>133047811
Exactly. The whole thingis a house of cards. Houses don't create wealth.

>>133028311
>i'm in the process of appealing it, but the assessor office is known to be a corrupt shithole

Wow Illinois is banana republic tier.

>>133048500
Pardon my ignorance but did they propose any budgets?
No that it matters. Political impossibilities only give way to economic ones when it's too late to fix either.

>>133048771
Long story short.

>Ill. has a huge shortfall
>Gov wanted budget cuts
>Dems wanted to raise taxes
>Gov vetoed the taxes, Dems overrulled him
>Now the Gov can blame the democrats for the stupid high taxes and get to paying off debts.

>>133048289

The greener section east of that...it's legacy Cape whereas that is more for "summah people". It's actually better being off the beach each short block holds rights to.

>>133048987
who blames who is retarded. IL needs to reform it's gibs and they're not doing that.

>>133048987
uh huh.Has he proposed any real cuts?

>>133049225
>YFW the state spends 2 billion a year on people who collect over 100k a year pensions.

>>133026510
/thread/

>>133026906
Being from a middle Illinois farm I absolutely agree with this. It's complete bullshit. The fees to do anything in that state are rediculous.

>>133049176
by the way, the house i linked you is only assed at a third of what he's selling it for. so in reality his taxes should be 3x what he is paying right now.

the same thing happens in rich areas of chicago/cook county. you have houses assessed at half of what they are really worth.

>>133028670
Moodys still has them under review

>>133049362
Yes

Under the gov budget, most agencies had a 5% cut (Universities faced a 10% cut.)

>>133049546
Were there any cuts to pension liabilities? That's what's going to kill them.

It's just the real first rule of /pol/:

Nothing EVER happens

>>133032278
Stick to your shit hole cities then faggot

>>133049810
You can't cut government pensions in Illinois, as it is part of the constitution. And they would never vote to change it

>>133049952
Top kek. Bankruptcy is inevitable then, unless the Feds step in (they won't).

>>133049176
look at this guy for example. he's paying 36k in taxes because his house is actually assessed in line with what it's worth.

https://www.redfin.com/MA/Harwich/7-Ayer-Ln-02646/home/77483503

>>133049810
Pensions can't be cut by a bill in that state. Even if limiting pensions to 80k a year would save billions.

>>133049448

It's not like that. Old Cape/legacy Cape are all people who bought nice village homes to retire to with mild winters and warm shallow sandy beaches for very late swimming...some of the same family holdings are for 75-100 years. There are no children there really and the people tend to be frugal about conspicuous consumption. One of my good m8s went to LFA and the story there is totally different.

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>>133050083

>>133050083
>limiting pensions to 80k a year
what a fucking joke it is that those words can even be spoken, literally how in the fuck

>>133024958
>night of the living nogs

>>133026838
>deal with it

Fuck you kike. A lot of American cities used to be clean and friendly.

>>133027131
(((Nobel Prize)))

>>133050077

House probaly churned 3-4 times due to the usual reason of stupid greedy children see green and then 3 years later when the money is gone they will never ever have a place like that again because death is usually the only reason for legacy homes going on market..

>>133024958
more importantly, why is there an s at the end when nobody says it?

Illinoi, illinoy, illanoy.

The tax increases still just kick the can down the road. They are projected to raise an addition 5 billion in revenue, but that doesn't even cover the budget deficit the state was been running which is currently 6.2 billion. And it doesn't address the 14 billion backlog in unpaid bills other than by providing more leverage to be used in borrowing even more. The state is doomed.

>>133027131

He never won a Nobel Prize as there is not such thing for Economics.

>>133024958
The second Chicago Fire will be people burning down the city when their pensions get cut.

>>133050242
>>133050241
Yep, by 2022, over 20,000 Illinois pension recipients will get over 100k a year.

>>133050242
because retarded boomer fucks just milked the taxpayer for all they could. very often they would get promoted right before retiring just so their pensions would be even higher.

these people already fucked over the taxpayers their entire working life, and they are further getting rewarded for it in their retirement. i have yet to meet a government employee in illinois that isn't an inept piece of shit that acts like it's an insult to expect them to do their job.

>>133050632
I don't think even California is going to have to pay the piper that much. Oh well.

>>133050765
Don't blame them, their agencies are underfunded from all the interest and pension payments.

>>133050548
It's originally a French colony. The Anglo colonist just stuck with it when there was enough to make it a state. It was originally (IL LIN WA).

>>133050622
Yes and no, the Nobel Memorial Prize in Economic Sciences was set up in 1968 but is given out by the Nobel foundation at the Nobel Prize Award Ceremony.

>>133050077

Oh yeah and Carl Yastrzemski used to rent that house years ago after his retirement I believe I remember when I was a small child.

>>133050623
>boomer trash getting off their fat asses and doing anything
lmao

most of them are likely living in another state while milking the illinois pension they don't deserve.

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>>133026838
> You just have to learn where the no-go areas are. All huge cities have no-go zones. Deal with it.

i hate people like you. you are an enabler for those nigger.

>just deal with it
>niggers spilling into the suberbs
>soon, there will be no safe place to live
>deal with it

YEAH, OK.

>>133051011

It isn't a Nobel Prize it is sponsored by a banque. Not a Nobel Prize, then, now or ever.

>>133024958
$4.3 billion wasted on taking care of illegals, hahaha.

http://www.fairus.org/states/illinois

>>133050242
You should see the pensions that school administrators are getting. The former head of Bloom Township CUSD is getting over $200k per year in pension for leading a school district with an average ACT score 16.

>>133051020
so did you end up inheriting the house you own since you said your taxes are low and you seem that familiar with the area?

>>133027062
Chicago is super segregated though. You might see some niggers here and there in hispanic or white neighborhoods. But they all live on south side and maybe you'll see a bunch downtown from time to time.

>>133051405
Gotta shill out those Medicaid bux for illegals to pop out kids anon.

>>133051430
this is exactly what i mean. in illinois ineptness is rewarded.

i'd wager that a well ran special needs school could manage better than an average ACT score of 16.

>>133051485

Not going to comment beyond this but it is complicated and involves me lending money to asshole in-fighting relatives and holding notes to the point of strangling the title. We have a place in NH and Kentucky and N. Arizona and my parents have a doomsday place outside Blenheim NZ. I just fuck about the planet praying each day for Ragnarok to commence.

>>133051327
It handed out by the Nobel foundation and listed with the rest of the Nobel Prizes.

>>133034418
Who do you think pays taxes? People.
What people? The middle and upper classes.
Guess who's leaving Illinois? :v)

>>133052063

Not a Nobel Prize then, now or ever.

>>133026069
They're passing a horrible POP tax at like a penny an ounce. That's the last Big Gulp I'll ever have. These scum aren't getting a dime out of me for their fuckups and I'm fucking gone next lease

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>>133046005
I'm fucking ready.

>>133034822
Trump saying that really isn't draining the swamp, is it.

>>133052247

I am so ready....both body and mind.

https://www.youtube.com/watch?v=xWTxxOZ_q-k

>>133052185
>POP tax
>pop

Good for you anon. Soda drinkers are commie fucks.

>>133046005
>cos stars
Idiot.

>>133052171
Nobel foundation disagrees

https://www.nobelprize.org/nobel_prizes/economic-sciences/laureates/

>>133051536
that is only a half truth.

chicago is segregated in terms of where people live, but you still have niggers roaming everywhere because CTA buses them around for free/near free. just look at this shit:

https://www.youtube.com/watch?v=HXyrkUB5xGU

this happened on the magnificent mile. it's one of the, if the the most popular tourist spot in chicago. it's also extremely expensive. as such, bad press about magnificent mile is largely suppressed because it hurts tourism. now this is just such an extreme case due to the sheer size of the group that everyone jumped on it. regardless, you go to the magnificent mile any day of the week and you will always see groups of coons straight from the ghetto milling about looking for shit to steal. you'll also see plenty of lily white, bleached hair, suburbanite whores walking with their pet chimp hand in hand.

>>133052554

Real history = not a Nobel Prize, then now or ever. A masturbatory voodoo prize created by a (((bank))). Fuck off.

>>133052040
well good luck to you, and i hope your taxes stay low. they certainly aren't used for much good.

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>>133024958
We should glass everything in Chicago except for the Trump tower.

>>133052873

I have been around many elite people and 90% of them need the rope. Always watching and listening even as a small child and making many mental notes. I make it to Kentucky when it collapses and it will....the great time is almost upon you Amerika.