I'm pretty sure the handlers, assistants, pollsters, etc, etc, know more than you.    My guess is they were well-aware that not denying BFFdom with Obama was worse than saying "NO WAY!!!!"

Happy to see Scott Walker win easily despite all the money, once again, spent to oust him. The guy is really sharp and big time pro-business.

Also happy to see people woke up in my home state of Illinois. Hopefully Rauner can do something about the $100 Billion deficit democrats have run up.... And Rauner's going to work for no pay and no pension.

Posted by moy23 on 11/5/2014 8:26:00 AM (view original):
Happy to see Scott Walker win easily despite all the money, once again, spent to oust him. The guy is really sharp and big time pro-business.

Also happy to see people woke up in my home state of Illinois. Hopefully Rauner can do something about the $100 Billion deficit democrats have run up.... And Rauner's going to work for no pay and no pension.

WTF, you guys have a $100 billion DEFICIT?!?

You're ******. The US deficit is less than $500 billion.

$45 Billion.

$100B is their pension shortfall.

Posted by mchales_army on 11/5/2014 9:13:00 AM (view original):
$45 Billion.

$100B is their pension shortfall.

Yeah... That's correct. Its horrible...

But don't worry we just voted to Increase the income tax 3% on millionaires to further fund more spending endevours rather than to pay off our debt Lol. Then again the last time (a few years ago) they ***temporarily*** increased income taxes on all illinois taxpayers from 3.75% to 5% to pay off the debt... Well it obviously worked.

Posted by mchales_army on 11/5/2014 9:13:00 AM (view original):
$45 Billion.

$100B is their pension shortfall.

Oh, ok. 45 billion is still really bad for a state but an unfunded pension liability isn't the same as a deficit.

Semantics. Unfunded liability is still money you owe. It's part of the debt. When it's allocated it becomes part of the deficit.

Posted by silentpadna on 11/5/2014 9:26:00 AM (view original):
Semantics. Unfunded liability is still money you owe. It's part of the debt. When it's allocated it becomes part of the deficit.

Well, not exactly.

If you signed a lease on an apartment for two years and $1000 a month, you would have an unfunded liability of 24,000, assuming you don't have the cash in the bank. It isn't a debt, though.

Posted by mchales_army on 11/5/2014 11:05:00 AM (view original):

debt

det/

noun

 

1. something, typically money, that is owed or due.
   
   
   In your scenario you owe 24K

Whatever. No one looks at a lease as debt. It's a financial liability assumed under contract. Were the contract to terminate or change, the liability could also change.

Unfortunately most libs don't look at debt as debt either...

Posted by mchales_army on 11/5/2014 11:12:00 AM (view original):
Unfortunately most libs don't look at debt as debt either...

Not true. Debt is a real thing that has to be addressed. But federal government debt is nowhere near the problem a lot of people make it out to be.

Posted by bad_luck on 11/5/2014 11:09:00 AM (view original):

Posted by mchales_army on 11/5/2014 11:05:00 AM (view original):

debt

det/

noun

 

1. something, typically money, that is owed or due.
   
   
   In your scenario you owe 24K

Whatever. No one looks at a lease as debt. It's a financial liability assumed under contract. Were the contract to terminate or change, the liability could also change.

Except in IL's scenario it's not a ***fixed rate****, "the state's unfunded liabilities were $96.8 billion in mid-2012 and would have hit $100 billion in January with a growth rate of $17.1 million a day". The ***whatever you want to call it*** is growing faster than the state can pay it back.

I don't care what you call it.... That's just BAD.

Posted by moy23 on 11/5/2014 11:22:00 AM (view original):

Posted by bad_luck on 11/5/2014 11:09:00 AM (view original):

Posted by mchales_army on 11/5/2014 11:05:00 AM (view original):

debt

det/

noun

 

1. something, typically money, that is owed or due.
   
   
   In your scenario you owe 24K

Whatever. No one looks at a lease as debt. It's a financial liability assumed under contract. Were the contract to terminate or change, the liability could also change.

Except in IL's scenario it's not a ***fixed rate****, "the state's unfunded liabilities were $96.8 billion in mid-2012 and would have hit $100 billion in January with a growth rate of $17.1 million a day". The ***whatever you want to call it*** is growing faster than the state can pay it back.

I don't care what you call it.... That's just BAD.

Whether or not the state can afford its unfunded liability is a completely different issue.

If I lease a mansion for $50,000 a month, I'm going to have a real big problem despite the fact that it isn't debt. I'll have to find a way to either make more money or get out of the contract.