All posts in " Illinois "
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Is California the Worst Economic Nightmare in the USA?

By admin / August 15, 2019

QUESTION: Marty, Whenever you refer to California Dreaming, my blog post from a few years back, I cannot help but smile. Thank you for your chart on the California economy. Does this represent most states? Does this represent the state of the U.S. economy? What states are actually growing? Yes, I agree with you that […]

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The Illinois Pension Crisis – Giving The Pensioners All State Assets

By admin / February 25, 2019

The new proposal in Illinois is for the state to transfer its assets so that they are owned, not by the people, but by the state employees. These proposals will never solve the problem because no one will look at the issue long-term. If they hand ownership to state employees they still run out of […]

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Chicago – Where More People are Retired than Paying into Government Pensions

By admin / February 22, 2019

Over 80% of government pension funds are completely funded by the government with no employees paying into the funds. This reflects why governments are coming after the people and extorting more taxes under the threat of seizing your home and throwing you in prison. For 169 governmental bodies in Chicago, the numbers reveal the crisis. In Chicago, […]

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Illinois Confiscating and Selling Cars if you Owe Tickets

By admin / January 25, 2019

Believe it or not, Illinois confiscated and sold 50,000 cars because people had tickets that they could not pay. They still have to pay the banks on their car loans. The tickets are for expired “city stickers” that were implemented to collect more taxes from Chicago drivers. So these are not even tickets for parking […]

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It’s Time to Turn Out the Lights in Illinois

By admin / August 31, 2016

The roads in Illinois are in decay. This may be the first state to go bankrupt. The question is not if, but when. State unions are so greedy that they are destroying the very state. This is exactly how Rome fell — government employees against the people. Seven states have constitutional provisions that state employee […]

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Illinois Cannot Pay the Politicians

By admin / April 20, 2016

I have warned that Illinois is on the brink of bankruptcy. Now, Illinois Comptroller Leslie Geissler Munger says she will delay monthly paychecks for lawmakers and statewide officials since there isn’t enough money to pay the state’s bills and other services should come first. This is really interesting. What will happen next when the politicians cannot get […]

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Illinois on the Brink of Bankruptcy

By admin / April 4, 2016

The pension crisis is brewing and the one state that appears to be heading toward a complete bankruptcy is Illinois. Clients should not own ANY debt from Illinois, be it city, municipal, or state. Just get out before the curtain falls. The Illinois Constitution plainly states that pension benefits, once granted, “shall not be diminished or […]