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"Illinois Is Collapsing: It’s Coming Everywhere”

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“Illinois is Collapsing: It’s Coming Everywhere”
by Karl Denninger
 
The blame game is in full force, including in Crain’s. Like in a good Agatha Christie mystery, there’s a whole train-full (or, in this instance, Capitol-full) of suspects in the case of Who Killed Illinois? Just like on the Orient Express, they’re all guilty to one degree or another. Here’s who’s at the top of my list: Gov. Bruce Rauner and House Speaker Michael Madigan, in that order. Other folks had their hands on the knife, but these two are the ones who really drove it in. Uh huh. Sure. Maybe you can blame Madigan.  He’s been there long enough. But Rauner? C’mon folks.
 
It was obvious that Illinois was going to fail as a state before I left in 2000. That was 17 years ago by my count. Why? Impossible promises made to public unions, for one. And that’s not a small one either. Suburban school districts that were driving property taxes through the roof (they’re doubled since I left, incidentally, by my count) and then the general pension promises on top of that.
 
For those who continue to say “but it’s a contractual obligation” or even “it’s protected by the State Constitution” I reply thus: A contract to do an impossible thing is not a contract at all. You cannot enforce a “contract” you make with me where I am to jump over the Empire State Building unassisted. Why?  Because the act contemplated is impossible. Similarly, a promise to pay an exponentially increasing amount where the exponent is larger than the tax base growth rate is also impossible. That’s math, and it makes any such promise void.
 
The longer the people of Illinois fail to demand that all of the medical providers in the state who are and do conspire to drive up and fix prices, refuse to quote a price before a procedure is done and engage in other similar acts, all of which I remind you appear to be illegal on their face under 15 USC, face indictment and prosecution the further down the hole the state will go.
 
The longer the people of Illinois refuse to demand that all public pension promises that were made with knowledge that the “growth rates” promised and assumed exceeded the historical or any rationally-arguable future growth in the tax base be declared void due to fraud at the time of the agreement the further down the hole the state will go.
 
You can try to enforce payment of said pensions but you can’t make blood run out of a stone. If there is no money, there is no money. If you don’t pay the teachers, police and firefighters who are on the job now because you take all the cash and give it to the pensioners the current employees will not show up as nobody in their right mind works without being paid. 15 minutes later the entire Chicagoland area is overrun with gangs and burned to ash.
 
Go ahead folks, keep pretending.  It won’t work because it can’t, but denial of mathematics is something that politicians are exceedingly good at. I left the state in no small part because I saw it coming, it was mathematically inevitable and absolutely nobody would do anything but scream, “but you made a contract” ,when I brought up the fact that at the time the promise was made the people negotiating it on both sides of the table knew full well that it was mathematically impossible for what they “negotiated” to happen.
 
Watch and learn, because this same dynamic is coming to the rest of the nation – and in Washington DC, driven by Medicare and Medicaid where exactly the same dynamic, driven by the same medical scam, has been unfolding for the last 30 years.”
 


Source: http://coyoteprime-runningcauseicantfly.blogspot.com/2017/06/illinois-is-collapsing-its-coming.html



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    Total 18 comments
    • Man

      yeah… you know those conservatives that state: Let the state legislate instead of Washington. Well that is just shifting responsibility. Thank god for (R) Bruce Rauner i am sure he knows what he is doing

    • Anonymous

      “Impossible promises made to public unions, for one…
      Suburban school districts that were driving property taxes through the roof…”

      In other words, you can lose your home and hearth, be dispossessed utterly, die of exposure, for fake tradespeople, who will not perform any actual labor.

      They have families and communities, too. They have to live with other people, yet are not shunned to the point of social sabotage.

      Social undesirables secede and create no-go zones, yet traditional conservatives have shown no such solidarity, not providing basic living needs, for their own.

      Banish, or humiliate them, publicly. Quit covering for it.

      • Bradley Dueringer

        But if you are a head chopping”refugee” you get $2,000/month worth of benifits…..phucking unbelievable huh?

        • King of Shambhala

          State Senator from Illinois Obama’s turn to pay has now come.
          The governors of Illinois and Chicago majors are all in jail.
          Now is the time for Obama’s time in jail too on the natonal level and on the international level as the Antichrist that he truely is.

    • raburgeson

      It’s all priority of the globalists, you are getting the propaganda for it. It is true some unions have overstepped their bounds. Many are getting huge retirement packages. Let me put it this way, there was 64 billion for the military at the snap of the finger.

    • tatsmaki

      To an article in Before It’s News site “Illinois Is Collapsing: It’s Coming Everywhere”
      May 12, 2017 T. Tatsmaki (Japan)
      Like your article has shown too, in the US there are too many abstract arguments as well as Russia.
      Because they suffered genetic setting in ancient times by reptilian humanoids of the Lizard (4-D reptile type humanoids covered whole body with scales). They are stooges of draconian lizards of the Draco (5-D flying lizards walking with 2 legs: the official emblem of UK capital London City).
      According to a notice from the Creators, the US dollar will collapse soon.
      Successive US presidents, including D. Trump, B. Obama, etc, were and are shapeshifters of reptilian hunanoids of the Lizard.Thus, the US have been taken over by reptilian humanoids, as well as in all other nations of Earth.
      In USA the new civil war occurs soon, and the new American workers’ revolution will win. The US must realize transition to the new society of everything graruitous services in all areas of social life, since the Creators have given everything gratuitously for Earth too. On about 20,000 planets of advanced civilizations forming the Garaxy Federation there are no such tyranny, as the Earth.
      Therefore, so-called socialism, that was the Nation-capitalism for retainment of plutocratic slave domination by reptilians, is never allowed by the Creators. K. Marx, F. Engels, V.I.Lenin, I.V. Ctalin, Mao Dze-dun, their successors and others were and are shapeshifters of reptilian humanoids of the Lizard.
      The planet NIBIRU larger by 5 times than Earth is rapidly approaching to the Earth now.
      The pole shift of the Earth will occur soon.Thereby, the modern capitalist society of evil and corrupt civilization of plutocratic slave domination on the Earth will collapse. Biginning from NY, Washington DC, then, the North American continent sink into the sea. Similarly UK islands, Japanese islands, the East and the South of China, Korean peninsula, the North and the East of Australia, New Zealand, etc. will sink into the sea.
      Moreovere, the Nibiru collides on the South side of the Earth in mid-October, this 2017 according to a notice from the Creators, the Earth is smashed and disappears.
      About 20,000 planets of evil and corrupt civilizations will be swept away by the Creators for normalization of the cosmic order.
      http://etatsmakijpn.over-blog.com/2017/05/promotion-of-ww3-on-russia-by-obana-trump-admins-collapsed.html

    • Judge Roy Bean

      YIKES!

      The pillars supporting Chicago are beginning to crumble.

      • King of Shambhala

        If Illinois crumbles then break the Apocalypse.
        Wash out the baby with the bathwater.
        Clean house.

    • Sue Rosenorn

      The son of perdition, (Obama) put his butt buddy Emanuel in Chicago as mayor to ensure his NWO plans. Chicago teachers get paid the most in the nation yet the kids in public schools are dumb as rocks. Every year the teacher union pickets and stikes greedily for more money. Illinois hasnt been able to pay the lottery to winners for at least two years. Rahm wants more illegals here ignoring Trumps sanctuary city order. The politicans in Chicago keep getting richer. Afraid to even go there during the daytime since gangs rob everyone.

      • unidentified

        you have a very good point, some kids just don’t learn as fast as others but not everyone plans on being a doctor or lawyer

        • King of Shambhala

          It’s time we get up to speed with the rest of the world’s class that knows Obama’s the Antichrist.
          Obama’s the Antichrist.
          If we don’t hurry and reveal him we’ll be thrown into the lake of fire and brimstone says the Bible.

      • harry

        Sue – your comments are better than the article itself – you should be writing for this site.

        • King of Shambhala

          Obama’s the son of perdition. That’s the Antichrist. Sue is speaking the truth and the lottery of Illinois proved he was crused by a heaven-sent miracle: the day of Obama’s election-celebration the lottery in Chicago drew 666 the number marking the Antichrist.

      • King of Shambhala

        You speak the truth Sue. Obama’s the Antichrist. I alone in the world have been spreading the news about the lottery draw in his hometown that came up with 666 the day of his victory celebration.

    • DISPENSER

      It has Chicago in it. What else do you need to know?

    • desertspeaks

      chicago government is betting that the federal government will force American tax payers to pick up the tab for chicago’s fantasy promises!

      • King of Shambhala

        Let’s make Obama pay for the mess.
        The Bible predicted he the Antichrist would crumble and lose.
        He’s the fall guy, the scapegoat, the judged one of the Apocalypse so he can pay for the rest of them all.

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