We need a general tweet of the day thread
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Illinois demonstrating how you can tax and spend your way to private sector middle class prosperity. Democrats are clearly the more fiscally responsible alternative.
https://www.zerohedge.com/markets/illinois-pension-shortfall-surpasses-500-billion-average-debt-burden-now-110000-household
Illinois Pension Shortfall Surpasses $500 Billion, Average Debt Burden Now $110,000 Per Household
BY TYLER DURDEN
SUNDAY, NOV 21, 2021 - 01:35 PM
By Ted Dabrowski and John Klingner of Wirepoints (click here for a pdf of the report)
Illinois just reached an alarming milestone: each Illinois household is now on the hook for, on average, $110,000 in government-worker retirement debts. That figure is the result of dividing Illinois’ $530 billion in state and local retirement shortfalls among the state’s 4.9 million households. In 2019, the burden was $90,000 per household.
Illinois’ retirement debts increased to $530 billion in 2020, according to a Wirepoints analysis of Moody’s Investors Service debt estimates. This is the first year the credit rating agency’s estimates of Illinois’ retirement debts, made up of both pension and retiree health shortfalls at the state and local level, have broken $500 billion.
The jump in Illinois’ shortfall, up nearly $100 billion compared to 2019, was due largely to the drop in interest rates as a result of the COVID crisis. Illinois’ shortfall is expected to remain elevated in 2021 despite the market recovery. (See Appendix B.)
The growth in Illinois’ retirement debts to half-a-trillion dollars is yet another grim reminder of how lawmakers’ refusal to address the pension crisis does real harm to ordinary residents. These outsized debts have contributed directly to Illinois’ other crises, including the state’s worst-in-the-nation credit rating, the 2nd-highest property taxes and the nation’s 5th-worst decline in real home values.
The pension crisis has also contributed indirectly to a record rate of outmigration and the nation’s 2nd-largest population losses since 2010.
In addition, the growing debts point to just how much the retirement security of more than a million Illinois government workers and retirees has collapsed. -
They were just trying to provide food for their children.WestlinnDuck said:Local Amish loot Nordstrom's in Walnut Creek. California sometimes catch and always release program working as intended. I'm sure Nordstrom's has insurance so it don't cost nothing.
https://www.foxnews.com/us/california-walnut-creek-nordstrom-targeted-80-looters-insane
About 80 looters in ski masks ransacked a Nordstrom location outside of San Francisco, in a scene described by witnesses as "insane" and like something "out of a movie."
"We probably saw 50 to 80 people in ski masks crowbars a bunch of weapons. They were looting the Nordstrom's right here. And I thought they were going to start beating cars. I had to start locking doors lock the front door lock the back door," local PF Chang's manager Brett Barrette told KGO.
"There was a mob of people," Barrette added to CBS SF. "The police were flying in. It was like a scene out of a movie. It was insane."
The incident unfolded before 9 p.m. on Saturday evening in Walnut Creek, which is about 25 miles outside San Francisco. A local reporter tweeted footage of the scene and said about 25 cars pulled up outside of the Nordstrom before running in, grabbing merchandise and fleeing.
Dozens of police cars responded, and Walnut Creek Lt. Ryan Hibbs told KPIX 5 there were reports that the looters smashed shelves during the incident. They quickly got back into their cars while carrying bags and boxes.
It’s unclear how much merchandise was stolen, NBC News reported. Walnut Creek Police Department said that one employee was pepper sprayed and two others were kicked and punched. They were treated and released on the scene.
SF Union Square Louis Vitton was looted of damn near everything the other night. Of course the Mayor and the DA who are responsible for creating and protecting this criminal behavior came out for the cameras to tell us all how OUTRAGED they were about this.
Dazzler I'm sure blames conservatives for it. -
Those people are hungry and need to eat designer handbags. Have some compassion.
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They would have never done it but the Tea Party made them do it.hardhat said:Those people are hungry and need to eat designer handbags. Have some compassion.
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A Louis Vuitton store was also hit.WestlinnDuck said:Local Amish loot Nordstrom's in Walnut Creek. California sometimes catch and always release program working as intended. I'm sure Nordstrom's has insurance so it don't cost nothing.
https://www.foxnews.com/us/california-walnut-creek-nordstrom-targeted-80-looters-insane
About 80 looters in ski masks ransacked a Nordstrom location outside of San Francisco, in a scene described by witnesses as "insane" and like something "out of a movie."
"We probably saw 50 to 80 people in ski masks crowbars a bunch of weapons. They were looting the Nordstrom's right here. And I thought they were going to start beating cars. I had to start locking doors lock the front door lock the back door," local PF Chang's manager Brett Barrette told KGO.
"There was a mob of people," Barrette added to CBS SF. "The police were flying in. It was like a scene out of a movie. It was insane."
The incident unfolded before 9 p.m. on Saturday evening in Walnut Creek, which is about 25 miles outside San Francisco. A local reporter tweeted footage of the scene and said about 25 cars pulled up outside of the Nordstrom before running in, grabbing merchandise and fleeing.
Dozens of police cars responded, and Walnut Creek Lt. Ryan Hibbs told KPIX 5 there were reports that the looters smashed shelves during the incident. They quickly got back into their cars while carrying bags and boxes.
It’s unclear how much merchandise was stolen, NBC News reported. Walnut Creek Police Department said that one employee was pepper sprayed and two others were kicked and punched. They were treated and released on the scene.
https://abc7news.com/louis-vuitton-looted-union-square-robbery-san-francisco/11256032/ -
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Kyle is shooting his shot
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I told you he'd have handies for life.LoneStarDawg said:
Kyle is shooting his shot
Dude should head down to Bama and Florida asap.
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That’s supposedly in FloridaPurpleThrobber said:
I told you he'd have handies for life.LoneStarDawg said:
Kyle is shooting his shot
Dude should head down to Bama and Florida asap. -
Do you know how many loaves of bread a Louis bag trades for?hardhat said:Those people are hungry and need to eat designer handbags. Have some compassion.
