Political Parties

SP Intel Report- November 10, 2015


Cook County Ammo Tax Ordinance To Be Heard Friday, November 13

Within yesterday’s SP Intel Report, I mentioned that Cook County President Toni Preckwinkle is proposing a tax on ammunition sales in the county. The National Rifle Association’s Institute for Legislative Action reported on its website Monday:

Cook County Board of Commissioners has proposed Ordinance 15-6469, a proposal to impose a tax on ammunition, similar to proposals reported on in the past. This ordinance will be heard on Friday, November 13, at 1:00 p.m., by the Cook County Board of Commissioners Finance Committee.

This proposal would impose a $0.05/cartridge tax on all centerfire ammunition and a $0.01/cartridge tax on all rimfire ammunition, and would therefore penalize law-abiding gun owners for exercising their fundamental right to keep and bear arms. By definition, holders of a valid FOID card are the only persons legally permitted to purchase ammunition in Illinois, and therefore are the only persons subject to this tax – not the criminals responsible for the violence on the streets of Chicago…

That last bit sound familiar to readers of yesterday’s Intel Report? You can read the entire NRA-ILA piece on their website here.


Wisconsin Democrats Push To Ban ‘Semiautomatic Assault Weapons’

The push for more gun “control” is alive and well north of the Illinois state line too. From a press release published on the Urban Milwaukee website last Wednesday by Wisconsin State Representative Lisa Subeck (D-Madison):

MADISON –Today, Representative Subeck (D-Madison), along with Representatives Terese Berceau, Melissa Sargent and Chris Taylor, circulated an Assembly bill that would ban the transportation, purchase, possession, or transfer of semiautomatic assault weapons in Wisconsin.

“Our nation has watched as community after community has had to confront the tragedies that occur when weapons designed to kill large numbers of people quickly get into the hands of a dangerous person,” said Representative Lisa Subeck. “No Wisconsin community should ever have to face such a tragedy at the hands of someone armed with a semiautomatic assault weapon.”

Semiautomatic assault weapons are a class of firearms that are designed to kill large numbers of people quickly. They have been used in many high-profile shooting incidents, including the 2012 mass shooting at Sandy Hook Elementary School in Newtown, Connecticut; the 2012 Aurora, Colorado movie theater shooting; the 1999 Columbine High School massacre in that state; and the 1993 office shooting at the 101 California Street building in San Francisco.

“I can conceive of no legitimate reason that any citizen should need to own or use a semiautomatic assault weapon,” said Rep. Subeck…

(Editor’s note: Bold added for emphasis)

“Semiautomatic assault weapons.” Haven’t heard of that one before. The word wankers hard at work again. You know, on behalf of gun “safety.” You can read the entire press release on the Urban Milwaukee website here.

Former U.S. Comptroller General David M. Walker Warns Real U.S. Debt Closer To $65 Trillion Than $18 Trillion

It’s been some time since I’ve blogged about former Comptroller General of the United States David M. Walker. Appointed by President Clinton, Walker served as Comptroller General and head of the Government Accountability Office from 1998 to 2008. While at the GAO, Walker warned Americans about the nation’s long-term fiscal challenges as part of the “Fiscal Wake-Up Tour.” Frustrated by Washington’s refusal to confront these challenges, Walker left the public sector on March 12, 2008. I noticed Mr. Walker was back in the headlines this past weekend. Bradford Richardson reported on The Hill website Saturday:

The former U.S. comptroller general says the real U.S. debt is closer to about $65 trillion than the oft-cited figure of $18 trillion.

Dave Walker, who headed the Government Accountability Office (GAO) under Presidents Bill Clinton and George W. Bush, said when you add up all of the nation’s unfunded liabilities, the national debt is more than three times the number generally advertised.

“If you end up adding to that $18.5 trillion the unfunded civilian and military pensions and retiree healthcare, the additional underfunding for Social Security, the additional underfunding for Medicare, various commitments and contingencies that the federal government has, the real number is about $65 trillion rather than $18 trillion, and it’s growing automatically absent reforms,” Walker told host John Catsimatidis on “The Cats Roundtable” on New York’s AM-970 in an interview airing Sunday…

(Editor’s note: Bold added for emphasis)

Whenever the national debt is brought up, I think about all those Pollyannas who go around saying the debt doesn’t matter. Give it a few more years when Washington and the Fed run out of road to kick the can. Then hold on for dear life

Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)


Richardson, Bradford. “Ex-GAO head: US debt is three times more than you think.” The Hill. 7 Nov. 2015. (http://thehill.com/blogs/blog-briefing-room/news/259476-ex-gao-head-us-debt-is-three-times-more-than-you-think). 9 Nov. 2015.

Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Senate Democrats’ Gun ‘Control’ Legislation Doomed To Fail (Again)?

“Senate Democrats unveiled plans on Thursday for gun control reforms that include closing background check loopholes, expanding the background check database, and tightening regulations on illegal gun purchases…”

-NBCNews.com, October 8

A number of regular observers of the gun “control” movement in the United States may have already concluded the latest push for more firearm restrictions being launched by Democrats in the U.S. Senate is doomed to fail (again). As the Associated Press reported earlier today:

Democrats fell five votes short of moving their background check expansion through the Senate two years ago. Thanks to retirements and losses in the 2014 elections, they now are probably 11 votes shy of the support they’d need to succeed.

Republicans running the House have shown no interest in even permitting votes on the issue…

(Editor’s note: Bold added for emphais)

So why would Senate Democrats even bother?

Well, besides obvious reasons like posturing for their “base” come the 2016 elections and diverting the rest of the country’s attention away from the Democratic Party’s failures in domestic and foreign policy, I suspect the strategy is to get the legislation out there should another mass shooting along the lines of Sandy Hook take place while it’s still in the pipeline. Senate Democrats may be banking on a knee-jerk reaction by the American public calling for more gun “control” to be implemented- such as what’s contained in their proposal.

And as any long-time observer of the gun “control” movement knows, their push for more restrictions never subsides, with the goal of the most rabid anti-Second Amendment “activist” being the complete disarmament of the civilian population in the United States.

They envision utopia once that’s achieved.

Realists understand it will only lead to one thing:

Unequivocal subjugation.

Which the “Founding Fathers” knew only too well about.

“Schoolhouse Rock!: America – The Shot Heard ‘Round the World”
YouTube Video

Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)


“Senate Democrats Are Preparing a Legislative Package on Gun Control — Here’s a Preview of What’s Coming.” Associated Press. 8 Oct. 2015. (http://www.theblaze.com/stories/2015/10/08/senate-democrats-are-preparing-a-legislative-package-on-gun-control-heres-a-preview-of-whats-coming/). 8 Oct. 2015.

Tags: , , , , , , , , , , , , , , ,

Beware Of Uncle Sam?

Since the time we were subjects of the English monarchy, plenty of Americans haven’t been big fans of government.

Particularly fans of Big Government.

From the folks over at the Gallup website Monday:

Almost half of Americans, 49%, say the federal government poses “an immediate threat to the rights and freedoms of ordinary citizens,” similar to what was found in previous surveys conducted over the last five years. When this question was first asked in 2003, less than a third of Americans held this attitude

Overall, Americans who agree that the government is an immediate threat tend to respond with very general complaints echoing the theme that the federal government is too big and too powerful, and that it has too many laws. They also cite nonspecific allegations that the government violates freedoms and civil liberties, and that there is too much government in people’s private lives.

The most frequently mentioned specific threats involve gun control laws and violations of the Second Amendment to the Constitution…

(Editor’s note: Bold added for emphasis)

On September 9, the U.K.-headquartered internet-based market research firm YouGov reported on their website that based on recent research:

29% of Americans could imagine a situation in which they would support the military seizing control of the federal government…

(Editor’s note: Bold added for emphasis)

That percentage grew under the following scenario:

The proportion of the country that would support a military takeover increases when people are asked whether they would hypothetically support the military stepping in to take control from a civilian government which is beginning to violate the constitution. 43% of Americans would support the military stepping in while 29% would be opposed…

(Editor’s note: Bold added for emphasis)

Long-time readers of Survival And Prosperity might remember me blogging about a Fairleigh Dickinson University PublicMind survey asking about a Second American Revolution that was conducted in April 2013. I wrote on May 3, 2013:

Armed revolution in the United States.

I heard it being talked about yesterday in the mainstream media after the release of some new poll findings, so I decided to go to the source this morning. From a Fairleigh Dickinson University PublicMind news release Wednesday, concerning their most recent national survey of 863 registered U.S. voters from April 22 through April 28, 2013:

The poll finds that 29 percent of Americans think that an armed revolution in order to protect liberties might be necessary in the next few years, with another five percent unsure. However, these beliefs are conditional on party. Just 18 percent of Democrats think an armed revolution may be necessary, as opposed to 44 percent of Republicans and 27 percent of independents…

(Editor’s note: Bold added for emphasis)

Funny how that “29 percent” number pops up again.

Interesting times we’re living in, huh?

Two things come to mind here:

• Uncle Sam knows darn well about these polls/surveys
• Such views could be the real reason behind all those military training exercises in America’s big cities lately

Or maybe not.

One last point. As an American citizen and former civil servant at the federal level of government, I’ve always taken pride in our (relatively) peaceful transfer of political power since the founding of the Republic.

Here’s hoping that continues to be the case.

You can read that Gallup piece in its entirety on their website here. The same goes for that YouGov article here. Insightful and disturbing stuff.

Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

Tags: , , , , , , , , , , , , ,

Illinois On Pace To Run $5 Billion Deficit

“Gaze upon the Illinois landscape today and things may seem OK. Schools opened last week, the roads are getting repaired, the state fair was held, the University of Illinois begins a new academic year tomorrow, the state government’s even paying its bills.

Enjoy this period of normality. It isn’t going to last much longer…”

-Tom Kacich, reporter/columnist at The News-Gazette (Champaign-Urbana), August 23, 2015

More bad news about Illinois’ fiscal health. Natasha Korecki reported on the Chicago Sun-Times website Monday:

Illinois is paying its bills – by court mandate — since Illinois lawmakers and Gov. Bruce Rauner were unable to reach a budget agreement. Rauner vetoed a Democrat-authored financial plan in June, saying it was out of balance by some $4 billion. The new fiscal year came and went July 1 without a new plan in place. Both sides say they’re willing to negotiate, but remain locked into their positions. Rauner wants a series of changes to benefit businesses and weaken unions in Illinois. Democrats oppose the proposals and say they shouldn’t be attached to a budget…

A recent analysis by Senate Democrats indicates that because of various contracts, decrees and court orders compelling spending, the state had already committed 90 percent of its revenues and was on pace to be $5 billion in the hole

(Editor’s note: Bold added for emphasis)

Kacich added from my old stomping grounds:

In May the Democrats who control the Legislature approved a budget that called for spending about $36.5 billion.

Republican Gov. Bruce Rauner vetoed it, calling it “unconstitutional” and “unbalanced.”

You want to see unbalanced?

Even without a constitutional budget in place, the state is still spending money, and eventually it could rise to a level of spending greater than the budget the Democrats sent him in May.

During a Senate hearing last week on an additional appropriation of $373 million for MAP grants for low-income college students — it passed and will go to the House for near-certain approval — Democratic legislators admitted the state is operating at a “spend rate” of 90 percent on a $38 billion budget

Anticipated revenue for the year, meanwhile, is the range of $32 billion, or $33 billion if the economy takes off.


(Editor’s note: Bold added for emphasis)

$36.5 billion was the proposed budget. It was vetoed. The state is currently operating at a 90 percent “spend rate” of a $38 billion budget. And anticipated revenue for the year is only $32-$33 billion.

Not good.

Kacich thinks a tax increase, “that may or may not be bigger than the one that was phased out on Jan. 1.,” is headed our way.

I think he’s right about that tax hike. And it’s something Illinoisans may want to take into account concerning their personal finances in the near future.

Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)


Kacich, Tom. “Tom Kacich: Enjoy the calm; the storm is on the way.” The News-Gazette. 23 Aug. 2015. (http://www.news-gazette.com/news/local/2015-08-23/tom-kacich-enjoy-calm-storm-way.html). 26 Aug. 2015.

Korecki, Natasha. “Comptroller: Illinois facing ‘severe cash shortage.’ Chicago Sun-Times. 24 Aug. 2015. (http://chicago.suntimes.com/news/7/71/903797/comptroller-illinois-facing-severe-cash-shortage). 26 Aug. 2015.

Tags: , , , , , , , , ,

My Thoughts On Chicago’s Financial Crisis

I know I’ve been blogging a lot about Chicago/Cook County/Illinois lately. Which should come as no surprise to regular Survival And Prosperity readers considering I’ve talked about how I was born on the West Side, was raised around that area, and lived on the Northwest Side until I moved to the northwest suburbs two years ago.

Both the Chicagoland area and Illinois have been on my mind a lot recently. I fear we’re on the verge of some major upheaval stemming from decades of fiscal mismanagement by policymakers from both sides of the political aisle (some might think this blog only targets Democrats- over the years I’ve demonstrated everyone’s “fair game”). And by verge, I mean in the coming weeks. Focusing on Chicago today, what might kick it off (regular observers have witnessed the crisis growing for some time now)? I suspect the following. From the Chicago Tribune website back on July 31:

At a news conference this week, the mayor would not rule out a politically unpopular property tax hike, saying he’ll wait to show his hand until September, when he rolls out “a full budget with all parts in there.”

(Editor’s note: Bold added for emphasis)

A good portion of the coming pain is going to be felt by the Chicago taxpayer. What kind of “pain” am I talking about? That which I’ve been blogging about for a couple of years now- new/higher fees, fines, and taxes, coupled with reduced government services. Last night’s post about potential revenue generators Chicago Mayor Rahm Emanuel and the City Council are mulling over (hat tip Fran Spielman of the Chicago Sun-Times) should give Chicagoans a better picture of what’s headed their way (a property tax hike and garbage collection fee look likely). Concerning cutbacks in government services, I think that’s already begun. For example, the manpower shortage in the Chicago Police Department (hat tip Second City Cop) that’s existed for some years now. Down the road, I predict the average Chicago taxpayer will find it increasingly difficult to afford living in the city, let alone doing it safely as local government struggles to provide effective, efficient services to constituents.

Now, it’s bad enough Chicago/Cook County/Illinois are in real financial trouble. But then there’s the legitimate concern of a slowing economy/recession being right around the corner, never mind that coming financial crash I started blogging about back on Memorial Day Weekend 2007.

So what’s a Chicago taxpayer to do? This former Chicago resident picked up and left the city limits in 2013. Concerned about future tax and public safety liabilities, my girlfriend and I reluctantly departed our “suburb in the city” and moved into a house in a not-too-far away authentic suburb. Granted, we’ll still be on the hook for county and state problems, but it’s what makes sense for us in the short-term.

As much as I blast Chicago on Survival And Prosperity (“tough love”), I’m not convinced the city’s going to go “belly-up.” I think there’s a good chance it could be run by something similar to the Emergency Financial Control Board in New York City from 1975 until 1986 (talked about here back in April), but even a setback like that won’t be the end of the “City By The Lake,” just like it wasn’t for the “Big Apple.” I do predict city life is going to get real hairy once the “balloon goes up,” but I think that will be the case in a lot of urban areas nationwide.

That’s my two cents on Chicago’s financial crisis- for now. Chicago readers of this blog- what are you planning to do about the crisis? Or, what are you already doing? Maybe you don’t think a crisis exists? Please share your thoughts or experiences in the “Comments” section of this post, as I’d really like to talk more about this going forward.

Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

(Editor’s note: I am not responsible for any personal liability, loss, or risk incurred as a consequence of the use and application, either directly or indirectly, of any information presented herein)


Dardick, Hal. “Emanuel needs $754M more to make ends meet.” Chicago Tribune. 31 July 2015. (http://www.chicagotribune.com/news/local/politics/ct-rahm-emanuel-chicago-budget-shortfall-met-0801-20150731-story.html). 21 Aug. 2015.

Tags: , , , , , , , , , , , , , , , , , , , , , , , , ,

Chicago Board Of Education Could Borrow More Than $1 Billion With $600 Million-Plus Pension Payment Due Next Week

I fear Chicago’s celebratory mood post-Stanley Cup could be fast disappearing as the city’s financial reckoning day rapidly approaches. Juan Perez, Jr., reported on the Chicago Tribune website tonight:

The Chicago Board of Education on Wednesday approved plans to borrow more than $1 billion in an effort to manage an immediate cash crunch and get through the coming budget year.

The borrowing is on top of an existing line of credit of up to $500 million. The initial $200 million in borrowing authorized Wednesday could help the district cover its bills through the end of June, but the district would be short of cash to cover payments shortly after that, according to documents obtained by the Tribune.

A separate line of credit of up to $935 million would take the district through the coming budget year. The loans will be secured with the promise of future property tax revenue.

The board’s unanimous 5-0 vote in favor additional borrowing came one day after the Illinois House fell 18 votes short of approving a three-week extension on a $600 million-plus pension payment due next week

(Editor’s note: Bold added for emphasis)

Democrats have a supermajority in both chambers of the Illinois General Assembly, and “Machine”-controlled Chicago still couldn’t get that pension payment deadline extended.

Oh well. Long-time Survival And Prosperity readers shouldn’t be the least bit surprised about the latest bad news concerning Chicago’s public schools. I blogged way back on September 13, 2012:

By now, many of you have probably heard about the teachers strike going on in Chicago. Day 4 and counting. While many Chicago public school teachers are probably worth every red cent of the $71,017 median salary they command- and more- when all things are considered, considering the precarious financial situation of the Chicago Public Schools, a larger crisis looks to be right around the corner.

Looks like we’re almost there.

Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)


Perez, Juan. “Chicago school board approves more than $1 billion in new borrowing.” Chicago Tribune. 24 June 2015. (http://www.chicagotribune.com/news/local/breaking/ct-school-board-meets-met-0625-20150624-story.html). 24 June 2015.

Tags: , , , , , , , , , , , , , , ,

Chicago Tribune: ‘Chicagoans Should Consider A Modest Property Tax Increase Inevitable’

Coming on the heels of last Thursday’s post and an earlier one about Chicago-area property/other taxes was an article by Chicago Tribune business columnist Melissa Harris entitled “Chicago isn’t Detroit- and it’s not going bankrupt.”

In the June 20 piece, Harris attempted to argue exactly what the title says (critics are panning it as “Machine”/union propaganda). But what interested me were statements like this:

More revenue will be required soon, most likely in the form of a property tax increase.

Not only is Chicago’s property tax rate lower than those in many suburbs, Chicago’s effective property tax rate ranked 49th out of the 50 largest cities in each state, according to 2009 U.S. Census data…

(Editor’s note: Bold added for emphasis)

And this:

Chicagoans should consider a modest property tax increase inevitable, though how much of an increase it will be could be affected by Moody’s decision, which made it more expensive for Chicago to borrow money…

(Editor’s note: Bold added for emphasis)

If one believes claims the Chicago news media routinely carries Mayor Rahm Emanuel’s water, increased tax hike chatter and growing comparisons of the city to other municipalities by the local press could be sending a strong signal to Chicagoans that they’ll be required to bust out their wallets shortly.

You can read the rest of that column on the Chicago Tribune website here (registration required)

Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

Tags: , , , , , , , , , , , , , ,

Illinois Tax Hikes Coming Warn Municipal Bond Fund Managers

Talk of rapidly-approaching tax hikes in the “Land of Lincoln” is growing. Reuters’ Nick Brown, Megan Davies, and Karen Pierog reported yesterday:

With no easy way to financially engineer or negotiate its way out of a budget and pensions crisis, Illinois is likely to dish out some unpleasant medicine to its residents in the next few years. And investors say that is most likely to come in the form of higher taxes.

Given the Democrats’ control of the state legislature and their opposition to many proposals for spending cuts, municipal bond fund managers see little alternative for Republican Governor Bruce Rauner other than eventually agreeing to hike taxes, such as raising the state’s income tax or broadening its sales tax base…

(Editor’s note: Bold added for emphasis)

Regular readers of Survival And Prosperity shouldn’t be surprised when the hikes (fees, fines, and taxes) arrive, as they’ve been discussed on this blog for quite some time now. The tragedy is that Springfield continues to waste time and resources on trivial matters while neglecting to tackle crucial issues like the well-publicized debt crisis. Monique Garcia and Kim Geiger reported on the latest nonsense preoccupying the politicians. From the Chicago Tribune website this afternoon:

Democratic Speaker Michael Madigan’s effort to ask voters to approve a measure to impose higher income taxes on millionaires failed in the House on Thursday, but provides the powerful Southwest Side politician ammunition to attack Republicans in next year’s legislative campaigns.

The proposal needed 71 “yes” votes to pass, but received just 68. But now there’s a roll call, and Madigan’s Illinois Democratic Party could send out mailers criticizing Republicans who voted against the idea. Democrats already have sent out attack ads against Republicans who did not vote in favor of a property tax freeze last week

(Editor’s note: Bold added for emphasis)

Games. Stupid political games as the state’s “financial reckoning day” fast approaches.

By the way, back on March 24 of last year I blogged about that push for a “millionaire’s tax” in Illinois. My prediction now is pretty much the same as it was a year ago:

Should Illinois Democrats jack up their income taxes, I suspect the number of Illinois millionaires right before the tax hike is implemented will plummet. Revenue will follow. Out-of-state vacation homes in Indiana and Wisconsin will be declared as primary residences.

The only difference being, I forgot to mention Michigan vacation homes.

Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)


Brown, Nick, Davies, Megan and Pierog. “As Illinois runs out of options in budget crisis, tax rises seen in the cards.” Reuters. 20 May 2015. (http://news.yahoo.com/illinois-runs-options-budget-crisis-tax-rises-seen-051616644.html). 21 May 2015.

Garcia, Monique and Geiger, Kim. “Madigan’s ‘millionaire tax’ question fails in House.” Chicago Tribune. 21 May 2015. (http://www.chicagotribune.com/news/local/politics/ct-rauner-warns-of-long-overtime-20150521-story.html). 21 May 2015.

Tags: , , , , , , , , , , , , , , , , , ,

Tax Hikes Coming As Illinois Public Pension Crisis ‘Fix’ Shot Down By State Supreme Court?

This weekend Illinoisans heard about the Friday ruling by the Illinois Supreme Court on a law that was celebrated by many as a big step in resolving the state’s well-publicized public pension crisis. Rick Pearson and Kim Geiger reported on the Chicago Tribune website Friday:

The Illinois Supreme Court on Friday unanimously ruled unconstitutional a landmark state pension law that aimed to scale back government worker benefits to erase a massive $105 billion retirement system debt…

At issue was a December 2013 state law signed by then-Democratic Gov. Pat Quinn that stopped automatic, compounded yearly cost-of-living increases for retirees, extended retirement ages for current state workers and limited the amount of salary used to calculate pension benefits.

Employee unions sued, arguing that the state constitution holds that pension benefits amount to a contractual agreement and once they’re bestowed, they cannot be “diminished or impaired.” A circuit court judge in Springfield agreed with that assessment in November. State government appealed that decision to the Illinois Supreme Court, arguing that economic necessity forced curbing retirement benefits.

On Friday the justices rejected that argument, saying the law clearly violated what’s known as the pension protection clause in the 1970 Illinois Constitution…

(Editor’s note: Bold added for emphasis)

Can’t say I was too surprised to hear that ruling handed down.

As for the ramifications on Main Street? Pearson and Geiger added:

The ruling means Republican Gov. Bruce Rauner and the Democrat-controlled General Assembly will have to come up with a new solution after justices appeared to offer little in the way of wiggle room beyond paying what’s owed, which likely would require a tax increase. Coming up with a way to bridge a budget gap of more than $6 billion already was going to be difficult with little more than three weeks before a scheduled May 31 adjournment, and now the pension mess has been added to the mix.

Rauner, who argued during last year’s campaign that the law was unconstitutional and didn’t go far enough to reduce the pension debt, said the court ruling only reinforces his approach of getting voters to approve a constitutional amendment that “would allow the state to move forward on common-sense pension reforms.”

(Editor’s note: Bold added for emphasis)

“A constitutional amendment”

I’m not so sure how that would work out. Consider what Natasha Korecki reported over on the Chicago Sun-Times website Friday:

But it was unclear how such an amendment would help solve the crisis. It arguably could not bring savings because, according to the court ruling, a new law cannot retroactively affect those who are already in the system, said Charles N. Wheeler III, Director of the Public Affairs Reporting program at the University of Illinois at Springfield…

“Likely would require a tax increase”

I suspect- as Survival And Prosperity has been warning for some time now- that Illinoisans will soon be hit with significantly-higher taxes as a consequence of those $6 billion state budget and $105 public pension gaps. Korecki added:

An Illinois Supreme Court ruling that struck down a pension reform law on Friday could have just opened the door even wider to the prospect of deep cuts to services and new taxes for Illinois residents.

With only three weeks left until lawmakers have to pass a balanced budget, legislators now have even more political cover to raise taxes and cut spending following the high court’s decision that it was unconstitutional for the state to pare back promised pension benefits for state employees…

“This ensures that however we resolve this, the citizens of Illinois will be paying more for less service from the state of Illinois,” Kent Redfield, professor emeritus of the University of Illinois at Springfield, said of Friday’s ruling. “I think that’s an inevitable outcome from this.”

(Editor’s note: Bold added for emphasis)

“Less government services. Higher fees, fines, and taxes.”

Something I’ve kept warning about on this blog, with regular observers of Springfield now talking it about these days (if they weren’t already).

I wonder to what extent Illinoisans have prepared/are preparing for such a scenario? I’ll be talking more about this later.

Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)


Pearson, Rick and Geiger, Kim. “Illinois Supreme Court rules landmark pension law unconstitutional.” Chicago Tribune. 8 May 2015. (http://www.chicagotribune.com/news/local/politics/ct-illinois-pension-law-court-ruling-20150508-story.html#page=1). 11 May 2015.

Korecki, Natasha. “State Supreme Court pension ruling provides political cover to cut more, tax more.” Chicago Sun-Times. 8 May 2015. (http://chicago.suntimes.com/politics/7/71/590030/state-supreme-court-pension-ruling-provides-political-cover-cut-tax). 11 May 2015.

Tags: , , , , , , , , , , , , , , , , , , , , , ,

Chicago-Area Democrats Push To Expand ‘Assault Weapons’ Ban Throughout Illinois

After a federal court upheld an “assault weapons” ban by the City of Highland Park, gun “control” supporters in Chicago’s far north suburbs are trying to expand the ban on these military-pattern semi-automatic rifles throughout the state of Illinois- under the guise of “local control.” Deb McCarver reported on the Illinois Senate Democrats website Tuesday:

In response to a recent federal court ruling in support of Highland Park’s assault weapons ban, state Senator Julie Morrison introduced a measure to restore the right to ban assault weapons to every city and village in the state.

“This is about local control,” the Deerfield Democrat said. “Highland Park decided to protect its citizens by banning assault weapons. Every other city and village in Illinois should have that same right.”

The highly controversial 2013 law that allowed Illinois residents to carry concealed weapons also prohibited local governments from banning assault weapons…

(Editor’s note: Bold added for emphasis)

According to the “synopsis” of Illinois Senate Bill 2130:

the Firearm Owners Identification Card Act. Deletes provision that the regulation of the possession or ownership of assault weapons are exclusive powers and functions of this State. Deletes provision that any ordinance or regulation, or portion of that ordinance or regulation, that purports to regulate the possession or ownership of assault weapons in a manner that is inconsistent with the Act, shall be invalid unless the ordinance or regulation is enacted on, before, or within 10 days after the effective date of Public Act 98-63 (July 9, 2013). Deletes provision that any ordinance or regulation described in the stricken provision enacted more than 10 days after the effective date of Public Act 98-63 is invalid. Effective immediately…

This Tuesday I noted something Robert McCoppin reported on the Chicago Tribune website April 28. From his piece:

A federal court Monday upheld Highland Park’s ban on assault weapons — possibly setting the stage for a showdown over the issue before the U.S. Supreme Court…

Illinois State Rifle Association Executive Director Richard Pearson said he was confident the law could be overturned on appeal to the Supreme Court, but the National Rifle Association would have to decide whether to make a costly appeal.

“The Second Amendment is about the right to keep and bear arms,” Pearson said. “The government doesn’t get to pick the list.”

After Senator Morrison’s action- supported by Highland Park Mayor and Democratic candidate for Congress (10th Congressional District) Nancy Rotering (as evidenced later on in that McCarver piece)- don’t be surprised if an appeal is now launched by pro-gun rights forces- costs be damned.

As for Highland Park, which is making a strong bid for wrestling away the title of “Ground Zero for Gun ‘Control’” from Oak Park, Illinois, these days, I suspect they could be on the hook for some astronomical legal fees after all is said and done.

You can track the status of SB2130 on the Illinois General Assembly website here.

Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)


McCarver, Deb. “Morrison: Illinois should let cities ban assault weapons.” Illinois Senate Democrats. 5 May 2015. (http://www.illinoissenatedemocrats.com/index.php?option=com_tag&task=tag&tag=sb2130). 7 May 2015.

Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Survival And Prosperity
Christopher E. Hill, Editor
Est. 2010, Chicagoland, USA

Successor to Boom2Bust.com
"The Most Hated Blog On Wall Street"
(Memorial Day Weekend 2007-2010)


Please Rate this Blog HERE

Limited Time Offers

Via Banner Ads Below (navigate to vendor home page if necessary); Updated 11/13/15:
>CHIEF Supply Free Shipping Over $69 (code needed); 15% Off Medical Supplies Plus Free Sniper Disinfectant w/ Orders Over $69 Thru 11/26 (Code Needed); Free Slim Tri-Fold Wallet w/ Orders Over $50 Thru 11/26; Free TDU Storm Belt w/ Purchase Of $69.99 Or More In 5.11 Pants Thru 11/26
>Airsoft Megastore Free Shipping On All Orders
>BGASC Silver Bullion, 90% U.S. Coin Sale
>BulletSafe Bulletproof Baseball Cap $119 Pre-Order Price; Ballistic Plate Only $169
>Food Insurance November Black Friday Specials; Warehouse Clearance Sale
>Nitro-Pak Black November Event Up To 35% Off
>Pyramyd Air Thanksgiving Sale Thru 11/21
>Tractor Supply Co. New Online Only Deals Every Day Thru 11/15; Free Shipping Online Only On Favorite Brands
NEW! Advertising Disclosure HERE
Buy Gold And Silver Coins BGASC Review Coming Soon
MyPatriotSupply.com Reviewed HERE
Nitro-Pak--The Emergency Preparedness Leader Nitro-Pak Reviewed HERE
Food Insurance Reviewed HERE
BullionVault BullionVault.com Reviewed HERE
Free Wallet w/ $50 Purchase @Chief CHIEF Supply Reviewed HERE
bullet proof vests BulletSafe Reviewed HERE
Pyramyd Air is your one-stop shop for everything airgun related. PyramydAir.com Reviewed HERE
Airsoft Megastore Reviewed HERE
Survival Titles Save 20% Paladin Press Reviewed HERE



Prepper Website

RSS Chris Hill’s Other Blog: Offshore Safe Deposit Boxes

  • Happy Thanksgiving
    Just wanted to wish the American readers of Offshore Safe Deposit Boxes a Happy Thanksgiving. Thank you for your continued readership and support (that applies to everyone!). Christopher E. Hill Editor
  • Additions To List Of Offshore Private Vaults
    Seems like I’ve been doing quite a few of these “additions” posts lately. Here are new entries to that list of offshore private vaults on my website of the same name: • Belfast Vaults (Belflast, Northern Ireland) • Berkshire Vaults (Berkshire, England) • DNK (Amsterdam, Hilversum, and Rotterdam in The Netherlands) • Griffin-Goodwest Oy (Tampere, […]
  • Related Reading: Austria’s Anonymous Private Vaults
    This morning I was reading an article on The Nestmann Group’s website entitled “Austria: Anonymous Storage and The World’s Safest Bank.” Offshore expert Mark Nestmann informed readers: Not that long ago, Austria had the world’s most stringent financial secrecy laws. Anonymous savings (Sparbuch) and securities (Wertpapier) accounts were widely used. The War on Terror, Money […]
  • Ireland: No Bank Safe Deposit Boxes For New Customers
    Further evidence that in some parts of the world, private, non-bank vaults are increasingly becoming the only game in town. Louise McBride reported on the Irish Independent website last Sunday: The banks have taken a lot of things from us in recent years. Here are ten things you can no longer do at your bank… […]
  • World’s Best Offshore Private Vault Videos For 2015, Honorable Mentions
    Last Wednesday, Offshore Safe Deposit Boxes started naming the “World’s Best Offshore Private Vault Videos” for 2015. Third place in the “short program” category went to Siam Secure (Thailand), runner-up was Sovereign Safe Deposit Centres (England), and the winner for the TV commercial-style marketing videos this year was Custodian Vaults (Australia). Third place in the […]