HAPPENING! ILLINOIS ON THE VERGE OF BANKRUPTCY!!! BLUE STATE GOING BANKRUPT!!!

DEMOCRAPS BTFO!!!

Link!!!: >cbsnews.com/news/could-illinois-be-the-first-state-to-file-for-bankruptcy/

Looks like we know what the result of massive social program spending can result in

>I'm looking at you you afro niggers

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No one cares about burgers being poor.

Mission accomplished nignogs.. now on to Ohio!

But he did such a good job

Huh crazy I would have thought California would be the first

Turns out niggers are an even bigger strain than spics.

California already went bankrupt dude...
They were first.

See >pension bubble
>13 states could declare bankruptcy fucking tomorrow.

>tfw you live in central illinois
welp it was a good run

IL resident here - please, please, please just file bankruptcy.

Raise taxes again and I'm moving out of the state.

>tfw you live in a Chicago suburb
I'm sorry

be a shame if the EBT system would go down for a few weeks. or forever

Good. Default and crash the state economy so I can come in and scoop up some cheap land.

Where at? Peoria-fag here.

I think the real question is, is this all because of niggers or is only 90% because of niggers?

Even if it comes crashing down stay away from this shithole of a state, the Chicago Democratic machine rules over everything and life is pretty boring here.

Rest in piss

t. East Central Illinois ghetto dweller

Ayyy another Peoria-fag!

Hell if I know, I could care less about the future of this state, I plan on leaving once I'm done with college.

this

its all because of chicago, ironically its the Teachers up there who are causing it - able to draw pensions And salary even if they dont even come to work, as well as call the shots on how much they get paid

they're making like 80 grand or some shit like that, its one of the biggest cases of hands in the cookie jar that ive heard of

> and the quality of education, well the nignogs in chicago dont seem to care

What does this mean for us?
>t. Middle class Illinoisfag

Urbana–Champaign fag or out in the sticks?

No it should not be allowed. Sorry but those of you in that state should end your wasteful spending. live according to you means. cut social programs to anyone able bodied that can work. Deport all illegal migrants and their kids. Finally expel all non working refugees.

We can do all of that AFTER the state declares bankruptcy.

>But he did such a good job

You make it sound like its simple as that but it's not. All the politicians here are to blame for this shit no matter what side of the aisle they're on...the (((Chicago Democratic Machine))) runs everything here and there's no way to stop it plus the Republicans here have their heads so farm up their asses you can't remove them.

The issue isn't the spending (well, that's part of the issue, but it's not the main one) - the problem is pension commitments made fucking decades ago that were never funded. That money doesn't exist. IL could cut 100% of its spending and it still won't be enough to pay its liabilities. Bankruptcy is the only way to discharge that debt.

Some teachers in chicago make upwards of 6 figures.

It's been a long time coming.

tfw university student in Illinois

Kek. Love the image.

Chicago is a sanctuary..... heaven on earth so says the mayor. He is funnelling money into protecting illegals. Deal with your problems.

The Republicans in Illinois aren't republicans.

This. IL republicans are the definition of RINOs.

Right next to C-U

In a lovely place known locally as D-Vegas because of how shitty and seedy this town is.

Why did you not archive this for us nigger?

Yeah saw this coming a mile away. I live in suburbs but went to central Illinois for college. The rural parts of the state are so much nicer than than cuck county. Tax rates in the suburbs are already getting pretty ridiculous and it will only get worse.

Get the fuck out of here with your obvious fake news, a state that's run by democrats and so very blessed with diversity could never fail

whatever the teachers got, i assure you it's a drop in the bucket compared to whatever wall street is getting

Wow, really!?!? I had no fucking idea...you sure opened my eyes user.

Where my Normalfags at?

Underfunded pensions are widespread. Bond market collapse could start soon. Hold on faggots.

SIx figure pensions are not a rare thing

I loved living in Normal.

If you own property in cook county and look at the tax breakdowns, it is pretty crazy. We owe BILLIONS in pensions for stupid shit like water treatment employees.

>Chicago only major U.S city to have a net loss population
>Also experiencing one of the highest homicide counts in decades
>Entire state about to go broke

Be prepared for Chicago to turn into NYC circa 1970s

surprisingly underrated

It means you only BELIEVE you are middle class.

that's because, despite niggers being less in number, a lot of them don't even fucking work and don't support their kids, overloading our welfare system much worse than the spics, who at least have jobs

QUICK, IMPORT 5 MILLION SHITSKINS!

PHEW, CRISIS AVERTED

What the fuck does a state filing for bankruptcy do?

What happens in States doesn't stay in States.

>If you own property in cook county and look at the tax breakdowns,

It is not much better in DuPage
Even if I pay of my house today I still have to pay 10K a year in property tax most of it going to fucking teachers/schools

HOW MUCH FUCKING MONEY DO THEY NEED????

Digits of truth

It isn't welfare it is public sector payroll & pensions mainly CPS
The Teacher's union has bankrupt the state

They haven't had a budget in like 2 years.

Who cares?

State government comes for your savings and increses some taxes. Thats their problem solver.

Yep, and then they wonder why everyone is fleeing to places like Florida where they can pay a fraction of the taxes. My parents are certainly ready to move to avoid taxes. Will just make the problem worse.

It's already the same here in Ohio, big cities turned to shit by niggers and all

haha I was just about to post the same thing

thats funny, down at the bottom of the state they don't make that... I don't think even the principals and superintendents make that much

We can just cut Chicago out of the state... leave Cook County as its own state or let them join Indiana/Wisconsin.

We literally do not care about them.

Illinois resident here. Chicago voters have fucked this state beyond repair.

Yeah, more socialism to cover the expenses of failed socialism..

Fuck yeah chaos in chicago soon
>tfw no guns to save my ass and i live in this hellhole
Will live stream the riots and my painful death guys

>City goes broke
>Taxes skyrocket
>Government starts cutting social programs and welfare
>Neighborhood on the south and west side begin burning to the ground

At least you can watch massive shitshow unfold

Banana-Shampoo mayne!!

>It isn't welfare it is public sector payroll & pensions mainly CPS
>The Teacher's union has bankrupt the state

To be fair, the loss of the tax base didn't help much. Teachers aren't really paid all that well, they're just paid better than most of the wage slaves left behind by globalization.

youtube.com/watch?v=yvr4NI8uKLg

I may not have this straight but if I understand this correctly all these underfunded pensions, that are nation wide not just Illinois, are back by long-term bonds. So a large portion of the bond market is propped up by these programs that will need to find money somewhere. Then we see the bond market take a huge hit.
Can someone clean help me out? Am I even remotely in the zone here?

B U B B L E
U
B
B
L
E

just like 2007

aheh...ehe......AHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAH

So much for capitalism.

How does a state go bankrupt? Just print more money

Are you retarded?

>print more money
>high inflation
>dollar is worthless

And I will love every minute of it. My neighbor was the alderwoman of my ward. Some welfare shits had somehow rented a house on my middle class street and were stealing from neighbors and having domestic disputes weekly that always ended with him screaming in the street and throwing beer bottles at four am. Alderwoman was a bad bitch- had the police essentially posted outside of their house and issued code violations until the owner had to give up, and then she had the house condemned. It was awesome. She just lost the election to some faggot that worked in the county transit department that is actively trying to bus in more welfare babies from East Saint Louis. When I asked her, she said it was because he was a young guy with a Facebook account, and AARP members don't get on Facebook. I almost cried when she lost

>Illinois goes bankrupt
>Even MORE niggers start flooding into Iowa
Fuck

In Massachusetts the MBTA alone is short $1b for their pension fund. They invested in a bunch of Ponzi schemes and were cooking the books. Meanwhile no one talks about it and I'm stuck wondering what THE FUCK THESE USELESS MBTA EMPLOYEES DID TO RACK UP A BILLION IN PENSIONS. There is no more useless sub-nigger than an MBTA employee.

Only if you hang this cocksucker from a street light first will anything get done.

Legalize weed already.

Illinois has more debt than Puerto Rico but no one talks about that

DUDE WEED's keep parroting this, but it literally wouldn't make a damn bit of difference.

I remember this. They issued IOUs for tax refunds because they didn't have money to pay them at the time.

Ohio wont be going bankrupt though thanks to John Kasich taking a huge bite out of the budget deficit when he was governor.

Hahahahahahahahaha hahaha

California is subsiding your nigger tier red states.

Rich people hate the poor that's why they hate free healthcare and free education. They want to keep us as oppressed slaves
They could give everyone enough money to be rich, but then they wouldn't be special anymore and it makes them upset

So... We should take on PCs debt bc Illinois?

>Teachers aren't really paid all that well

yes they are
They are un-firable
They can't lose their pensions

The teachers and CPS have bankrupt the entire state
3 more years I'm off to Indiana

Actually, it would make it worse.Until you get the economy and the country straightened out you can't have drugs lying around when people are already lazy and unmotivated to do anything to begin with.

When VC's stop handing out cash to meme startups I will die laughing as California comes burning down.

>call the Poe-lease
call the Poe-lease
>call the Poe-lease
call the Poe-lease
>call the Poe-lease
call the Poe-lease

No retard
They would collapse tomorrow with out federal money

ILLINOIS IS A RED STATE.
STOP THIS MADNESS.
THE CORRUPTION IN CHICAGO.

SET UP FREE.

...

Learn your fucking lesson of IL, don't be the cuck who moves to a new state and keeps voting for the same policies that fucked up his old one.

And like all IOUs, all the deadbeat Dad's kids forgot about them.

>communism totally won't make everyone poor!

Yep keep believing that the sixth largest economy in the world will "come crashing down" when it "stops reviewing it's handouts."

>What does this mean for us?
Look up "Greece" and "debt"

Move to Indiana and then stop voting Democrat you faggot

Now before you answer, as to why the sixth largest economy in the world would come crashing down, do you have a source on that or is that your "liberals are fookin stoopid" opinion?

>don't be the cuck who moves to a new state and keeps voting for the same policies that fucked up his old one.
That's not what happens with Illinoisans. The entire state is red apart from Chicago. The reason they leave is because they've come to the conclusion that no matter what they do, their vote doesn't count. It isn't a place like California where idiots vote for socialists twenty years running and then leave once it catches up with them.

go back to the fucking gulag