Illinois Debt Problem

[DontDoIt]

I have tried to find an accurate number on Illinois' debt, and I can only find articles from a year or two ago, and the few numbers that I've found to be fairly recent are from blogs and unreliable sources, and to top it off, all the numbers are different. I was wondering if anyone knew a reliable and accredited source to where I could find an accurate number of Illinois' debt today?

Also I was looking to investigate the percentage of debt from public pensions, since Illinois has the highest public pension debt by far of any state.

 

[Tashah]

Also I was looking to investigate the percentage of debt from public pensions, since Illinois has the highest public pension debt by far of any state.

If you don't have possession of the real numbers, then you are surmising.

 

[DontDoIt]

If you don't have possession of the real numbers, then you are surmising.

Which is why I'm trying to find the correct, accurate numbers, but thanks for wasting your time in posting nothing, gracias.

 

[Tashah]

Which is why I'm trying to find the correct, accurate numbers, but thanks for wasting your time in posting nothing, gracias.

Well now. You admit you're ignorant of the facts, but then you go and spit something out in lieu of the facts.

Just sayin :shrug:

 

[DontDoIt]

Well now. You admit you're ignorant of the facts, but then you go and spit something out in lieu of the facts.

Just sayin :shrug:

The whole point of this thread was me trying to find an accurate number on the debt. Should I not be ignorant of the fact that everytime I switched sites there was a different number, although the timeline was merely the same? Dont think so coolio.

 

[Tashah]

The whole point of this thread was me trying to find an accurate number on the debt. Should I not be ignorant of the fact that everytime I switched sites there was a different number, although the timeline was merely the same? Dont think so coolio.

I own a home in DuPage County. I wouldn't believe anything that emanates from Springfield. Sad to say, but I don't think they're very keen on having an independent auditing firm go over the state books and then publish the uncooked numbers. They'll tell you only what their political interests necessitate.

 

[Tashah]

Tell ya what I'll do. I'll ask an economics-whiz friend of mine to find the info and post a link here. If anyone can find it, he can.

 

[Utility Man]

I own a home in DuPage County.

Another member from Dupage, yee haw!

I really like it here myself, it's a very nice place to live.

 

[Tashah]

Another member from Dupage, yee haw! I really like it here myself, it's a very nice place to live.

Naperville. I love it here.

 

[DontDoIt]

Tell ya what I'll do. I'll ask an economics-whiz friend of mine to find the info and post a link here. If anyone can find it, he can.

Was that so hard?

 

[Tashah]

Was that so hard?

What fun is it if I don't razz ya a bit first? :2razz:

 

[MaggieD]

What fun is it if I don't razz ya a bit first? :2razz:

Tashah, I'm interested as well. What a surprise! Thought this particular link might be helpful to your friend. I just don't know how to read financial reports....Illinois Office of the Comptroller, Judy Baar Topinka, Comptroller

I'm inclined to think that everything is smoke and mirrors.

 

[Tashah]

Tashah, I'm interested as well. What a surprise! Thought this particular link might be helpful to your friend. I just don't know how to read financial reports....Illinois Office of the Comptroller, Judy Baar Topinka, Comptroller

I'm inclined to think that everything is smoke and mirrors.

Your linked report originates from the office of an Illinois politician. I think it is all smoke and mirrors also. I would love to see an independent accounting and analysis.

 

[Tashah]

Info obtained courtesy of donsutherland1...

Moody’s puts Illinois in top 5 in debt, pension needs | Chicago Breaking Business

Moody’s looked at each state’s combined pension and long-term debt as a percentage of personal income, gross domestic product and state revenue, and calculated its debt per capita. Illinois’ combined pension and debt burden translates to $6,692 per person, fifth highest in the country.

Fitch also provided an estimate of Illinois unfunded pension obligation: $77.8 billion (but that's as of 2009):
Fitch downgrades Illinois due to pension liabilities