ILLINOIS tax hike

[THEFERMANATOR]

I feel bad for those of you who live in ILLINOIS. A 66% tax hike is friggen insane.

http://news.yahoo.com/s/ap/20110112/...illinois_taxes

[spareparts]

I was suprised when I read the fine print, it went from 3% to 5%. Not as big of a deal as it sounds. However, the Illinois State Governemnt did not take out loans to pay private business that it owes millions to

[willy]

There is more to it than that, over the past ten years the Progressives running that city have raised taxes and fees on buisnesess every year, licenses property taxes and just plain buisness tax has been rising so much so that these companies have been moving across the border into Indiana and other states.
The lame duck house and govenor have been planning this for awhile as they are leaving and could not care less.
The state does not have the money to pay for the pensions, and salaries of the 98% Unionized state. It has been that way for a long time and they have borrowed every year to pay it..
Their neighboring state Indiana had a come to God meeting several years ago as they to were facing having to borrow to pay for their budget. They decided not to do it and made the changes needed to balance their budget, result, they are fiscally in pretty good shape inspite of the economic down turn.
There is a grand design in what is happening in this country and the states and cities that are doing what Illinois is doing are facing a situation where they will have to declare bankruptcy or make the hard choices, when they do there are people in place waiting to create a Greece like situation to cause the down fall of the government. Mark my words it will be union thugs and leftist groups leading the charge.
People in your state, our country will then have to decide are we Greece or are we a nation of laws, a nation of free people or are we willing to sacrifice our Liberty for some temporary security from the progressives in
power. If we bail out these places that have knowingly, intentionally and criminally put their people in such an anti-American way of life then we are in grave danger.
We will see in California, the 5th largest economy in the world, when it falls and it most certainly will, if we do not force California to re-structure and default then you will know where our country is going to head, and you had better put people on place who will fight it.
Our dollar has lost 30% of its value in less than one decade. It is going to fall an estimated ten percent in the next two years due to the policies of the fed, (print more money).
In order to bail out the local Wawa Wawa Store we will have to borrow and /or print money, that is how bad our situation is, to bail out these major cities and states so that the unions and progressives do not burn them to the ground we will go bankrupt as a nation.