Illinois Senate Overrides Governor Rauner's Veto On New "Spending Budget" (Taxes to Rise 34% More)

in illinoissenate •  8 years ago  (edited)

Well this can't be good. A $36 million spending plan. Governor Rauner vetoes it because the state is already broke. Haven't had a budget in 3 years.

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(Img source: Twitter)

The governor was overridden by a Senate vote of 36-18.

What does this mean for the state of Illinois and freedom? Well, it means that people will likely move out of the state in even bigger droves than they already are! The state was days away from it's bond market being downgraded to "junk" status, but how does taking on more debt help the bond market?

Article at Zerohedge here: http://www.zerohedge.com/news/2017-07-04/illinois-tax-rate-soars-32-after-senate-overrides-governor-veto

Could Illinois be the first domino in the U.S. for the big collapse? You tell me.

@vegansilverstack

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It is probably the first one made visible to the normal eye. People like yourself and I can already see the collapse. This will help the main stream see it. Courious to see how silver will act today.

It's down below $16! I might have to pick some up!

Same thing happened in Kansas this summer. Huge income tax increase to support massive deficits. I'll pay $700 per year more than normal because of this. Its sure to help the economy by taking currency away from the people.

Run while you can! It is a shame that they let it get this way...

I heard that Illinois, Maine, New Jersey, and (I think) Wisconsin just declared bankruptcy this past Friday. There's a YouTube video discussing this.

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