Ill-Noise Is Broke But Gives 14% Raises?
The Market Ticker ® - Commentary on The Capital Markets
Posted 2010-07-07 12:23
by Karl Denninger
in States
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Ill-Noise Is Broke But Gives 14% Raises?
 

No, really.

Springfield, Ill. - More than 40,000 unionized state workers got a pay raise last Thursday, bringing to 7 percent the amount they're gotten since last year. These same state employees are in line for another 7 percent by next July 1st, all at a cost of a half-billion tax dollars a year.

May I ask when the citizens of the State of Illinois decide they're not going to pay - period?

May I ask when the citizens of the State of Illinois decide that all public-sector unions shall be de-certified and barred from the state?

Oh, they can't do that, right?

Really?

You sure?

How will the State compel those citizens to go to work? 

See, the citizens have the absolute right to strike.  To refuse to work.  To refuse to pay bills, including to The State.  To, simply put, refuse.

There is no law that says you can be compelled to labor. 

And whether these unions like it or not, whether these corrupt and evil politicians like it or not, without tax revenues the state cannot pay them irrespective of any so-called "demand" or "obligation" to do so.

So here's my answer to this sort of crap: GO ON STRIKE.

The unions think it's just fine to do such a thing.

So, America, for the 49.5% of you, when you reach between your legs, do you feel two round things down there?  Is that a wee little sausage down there too, or do you find things that clang like church bells and a big hairy stick?

For the other 50.5% of the population, yours are not so visible, but they're just as important.  Do you have shriveled up raisins in there or a big honking pair of estrogen-producing ovaries?  Is that a uterus in your belly or is it is a vestigal ornament to claimed womanhood?

YOU, the citizens, are the final arbitrator of government's propriety and profligacy. 

YOU, the citizens, hold the final veto.

Always.

YOU, the citizens, may express that veto in peaceful and lawful refusal to fund the insanity of these institutions and scammers any time you decide you've had enough.

That is, if you actually have a pair of balls.

So far, all I see are raisins.

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User Info Ill-Noise Is Broke But Gives 14% Raises? in forum [Market-Ticker]
Docj
Posts: 998
Incept: 2009-09-10
Silver
Duck & Cover
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Gonna be a long, hot summer.

I want to thank the Gubermint of Ill-noise though - for making my Gubermint in the People's Republic of Massachusetts look almost sane by comparison.

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The preservation of liberty depends upon the intellectual and moral character of the people. As long as knowledge and virtue are diffused generally among the body of a nation it is impossible they should be enslaved. - John Adams
Quillbill
Posts: 1469
Incept: 2009-06-23
Green
Northwest Illinois
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Raises you say?

Illinois has:

1. Raised the bar on how corrupt one state can be.

2. Raised concern about being the first state to file BK

3. Raised the level of aggravation and disgust of it's people.

4. Raised it's deficit to obscene levels

And so on, and so on.....

Now it has raised wages with an empty checkbook, massive unemployment, and welfare recipients in double digits in virtually every county of the state.

This pathetic state raises EVERYTHING, so why be surprised. I live here but I dont tell anybody anymore. Whoops...forget I said that.

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It is a new day....DO SOMETHING WITH IT!
Smartmoney
Posts: 226
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There is no law that says you can be compelled to labor.

I don't know....Reagan forced Air Traffic Controllers to work.

If IL can get away with pay raises more power to them. I have yet seen a low level employee turn down a pay raise.
Quillbill
Posts: 1469
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Green
Northwest Illinois
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People will NEVER turn down a raise or a handout, especially in this state. The problem does not lie with the PEOPLE, it lies with the GOVERNMENT. How can you extend more of what you do not have.

Answer: On the backs of the very people you extended it to. And how is that working out for our state? People are LEAVING. As they should.

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It is a new day....DO SOMETHING WITH IT!
Mangoelvis
Posts: 1727
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You know, all their problems would be easily solved if they had state run healthcare like Massachusetts.

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Evolutionarily speaking, sloths must taste terrible.
Docj
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Heh - I hope there's an invisible < sarcasm > tag somewhere in there, Mangoelvis!

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The preservation of liberty depends upon the intellectual and moral character of the people. As long as knowledge and virtue are diffused generally among the body of a nation it is impossible they should be enslaved. - John Adams
End_the_bubbles
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It's criminal for ANYONE to get a raise in this economy, no matter what the **** "job" you have.

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In the long run even the most despotic governments with all their brutality and cruelty are no match for ideas. Eventually the ideology that has won the support of the majority will prevail and cut the ground from under the tyrant's feet and rise in rebellion to overthrow their masters.
Asimov
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smiley

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If you trade based on what other people say, you will lose money. Especially what I say. I won't be held responsible. Festina lente.
Medicdan
Posts: 8017
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Scottsdale, AZ
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Quote:
How will the State compel those citizens to go to work?


That's simple. Make everyone a government employee. It can't work any other way.

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Arizona & desert gardening
http://azediblegarden.com/
Drhooves
Posts: 614
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Central IL - "the land of crooks and windbags"
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Illinois is just a sneak preview of what's coming at the Federal level. Keep the ponzi scheme going until all vendors and taxpayers give in and the host dies......

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Gen says "it" is coming because:

"Balance sheets have two sides!"......and
"You can't count a single dollar twice!"
Risingcream
Posts: 4406
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Online
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What is the best measure to determine that Chicago is worse than Detroit. What year in the future will there be a Detroit/Chicago cross.

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Civilization...ancient and wicked. --Subotai

“The distance between insanity and genius is measured only by success”
Genesis
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DeTwat may some day recover.

Chitcago? Not until the people there BBQ the douchebags that are causing this, and that's not likely any time soon.

Chitcago has a looooong way down to travel.

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I don't care if it makes sense -- only if it makes money. -- Me
Bank (n): See scam, fraud and theft. Eat a bankster -- they're low-carb.
What part of "shall not be infringed" was unclear?
Kwl88
Posts: 518
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KC, MO
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Quote:
...It's criminal for ANYONE to get a raise in this economy, no matter what the **** "job" you have....


Hey - wait a minute - some of us HAVE RECEIVED a RAISE! But, we are making money, thanks to our good-sized Energy client!

I know its amazing but there are SOME government organizations that actually dow their jobs well AND ARE a BENEFIT to "We The People"! I admit they are definitely few and far between - but they do exist nonetheless!
Wis/min
Posts: 5363
Incept: 2009-08-14
Gold A True American Patriot!
On the border
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Quote:
I don't know....Reagan forced Air Traffic Controllers to work.
They were not forced.

They chose not to work and were subject to the rules against gov. unions striking.

Their choice.




Themortgagedude
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saint louis
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Gen - I don't think ****-cago has much time left. Downstate where I grew up will not put up with this much longer. The absolute hatred of those in Southern Illinois of those in Chicago is astounding. I would say they hate Springfield but these days most of Illinois state business is done in Chicago. If you were to take a vote in downstate to secede the vote would be overwhelmingly supportive of this everywhere south of Kankakee.

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I'm already visualizing you with duct tape over your mouth.
Mangoelvis
Posts: 1727
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Of course I was being sarcastic. Illinois just put the pedal to the metal on their BK....first one off the cliff wins I guess.

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Evolutionarily speaking, sloths must taste terrible.
Throxxofvron
Posts: 10325
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Sick Leave.

If Millions would call in Sick for a week or two things would grind to a halt.

Sick ...Of Our Federal and State and Local Governments which We want to... Leave.

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DIONYSUS: " Thou hast no knowledge of the life thou art leading; thy very existence is now a mystery to thee. " -from 'The Bacchantes' By Euripides “During times of universal deceit, telling the truth becomes a revolutionary act.” -George Orwell
Marketpirate
Posts: 1636
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New York
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I hope Illinois keeps on giving state employees more raises. As a matter a fact I wish they would DOUBLE IT smiley.

Look folks, somebody's got to go over the cliff first. Maybe after seeing Illinois go over, other states might finally wake the hell up...MAYBE.

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The bull**** stops when the money runs out, and not a moment before.

Otiswild
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Does Illinoying have more tollbooths than Screw Jersey, or does it only seem like it?

Musta cost me $50 to drive a u-haul across the state, at least there was a White Castle..
Genesis
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Ill-noise has an extremely annoying toll system around Chitcago - they have in the last few years gone to a "transponder" system but for those "just passing through" it just made the system suck even worse (not to mention radically jacking up the cost.)

One of the more-annoying aspects of that toll system is that you are effectively trapped by it west of the Edens on I-90 and if you came in on 94 from Indiana it can get you with no way out - pick a direction, you're gonna pay once you pass that point. Ditto if you go north on 94 at the junction - when you get to the end, ****ING SURPRISE there's a tollbooth at Deerfield!

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I don't care if it makes sense -- only if it makes money. -- Me
Bank (n): See scam, fraud and theft. Eat a bankster -- they're low-carb.
What part of "shall not be infringed" was unclear?
Cerich
Posts: 608
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ga
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end the bubbles

with respect **** you

i took 10% less home right after the 08 election and continued to do so for 18 months, during that time I tripled sales and increased the bottom line profit while working a extra couple hours every day.

I gave myself a raise

**** you.
Otiswild
Posts: 5619
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Green
Inside you, the force is!
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Ugh, won't be headin' back that way any time soon, figured I'd try a different route back from the other coast, and got stung by it. I-80 on the way out had way fewer tolls..

(and don't get me started on friggin' U-Hauls using gasoline, 1200mi / 8mpg vs 12-15mpg.. gruntle..)
Bagbalm
Posts: 4258
Incept: 2009-03-19
Green
Just North of Detroit
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Time to leave the state. Let them go down alone. Get out while you can recover something and take your stuff with you. It may come to that here in MI for us.
Themortgagedude
Posts: 8850
Incept: 2007-12-17
Green
saint louis
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My 83 year old father and 71 year old mother are considering a move to St Charles MO. Themortgagekids factor into this as well as availability of health care, but the state economic troubles may be the tipping point.

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I'm already visualizing you with duct tape over your mouth.
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