Republicans

Democrats Push ‘New Message’ Of Rebounding U.S. Economy

Big eye roll on my part when I spotted the following on my Internet service provider’s home page this afternoon. Charles Babington of the Associated Press reported Friday:

Democrats’ new message on America’s economic recovery is: We told you so, and we’re going to keep telling you so.

The economy is rebounding on nearly every front, even if the middle class still needs help, and it’s time to tell that story loudly, top Democrats say. That’s the key to reversing their midterm election setbacks, according to a host of House Democrats, President Barack Obama and Vice President Joe Biden, all of whom came to Philadelphia this week for pep talks and strategy sessions.

“Democrats have to stand up, you’ve got to explain what we did,” Biden said to loud applause Friday. “Be proud of it… We can’t let the Republican Party rewrite history.”

Obama said much the same the night before. “The record shows we were right” the president said, referring to the 2009 stimulus, the bank and auto industry bailouts, and other strategies to pull out the great recession of 2008…

(Editor’s note: Bold added for emphasis)

A couple of thoughts here:

1. The true state of the U.S. economy and larger financial system is worrisome, as the “great recession of 2008” was merely “papered over” (I talk about that enough on this blog on a regular basis that I don’t feel the need to go into it today).

The news radio station I listen to most often in Chicago has been going on and on this week about the U.S. economy being on such strong footing these days. It’s almost as if they (like others in the mainstream media?) are carrying out the marching orders of the Democratic spindoctors to promote this “new message.” It’s been so ridiculous that if you didn’t know any better, you might think you were listening to old newsreels laying it on thick with the propaganda of the day:


“Vintage 1930s Inflation Propaganda”
YouTube Video

2. “We can’t let the Republican Party rewrite history.” “The record shows we were right.” Democrats vs. Republicans. Us vs. Them. Liberals vs. Conservatives. Left vs. Right. Coke vs. Pepsi…

Personally, I prefer RC.

And like that situation with the sodas, two choices often aren’t ideal for me. Particularly when it comes to the major U.S. political parties, who I’ve come to see as merely two “heads” belonging to the same monster (special interests of the rich and powerful).

3. Finally, I’ve said this before but it bears repeating:

Use this economic “rebound”- as much of an illusion as it may be- to your advantage.

Is your employment status less than ideal? You may want to consider improving that situation while “the getting’s good.” Need some extra income? You may want to look at taking on a part-time job while they’re available. Looking to purchase some emergency preps? “The shadow of crisis has passed.” President Obama said so in his recent State of the Union speech. Shop around for discounted gear, supplies, and other items while demand isn’t as strong as it has been lately and will be when hard times arrive down the road.

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

Source:

Babington, Charles. “House Democrats’ new message on the economy: We told you so.” Associated Press. 30 Jan. 2015. (http://finance.yahoo.com/news/house-democrats-message-economy-told-183956034.html). 30 Jan. 2015.

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Illinois Governor Bruce Rauner To Push Drastic Spending Cuts, Sales Tax Hike In Near Future?

Some local news outlets have been giving new Illinois Governor Bruce Rauner a hard time lately, claiming he’s still in “campaign mode” and not providing much in the way of tackling the state’s economic ills.

But yesterday, Illinoisans got a glimpse of one potential measure the Winnetka businessman may turn to for improving the state’s finances. Jessie Hellmann and Ray Long reported on the Chicago Tribune website Thursday:

Republican Gov. Bruce Rauner pressed a bit harder Thursday for an expansion of the Illinois sales tax as part of an agenda to right the state’s financial ship.

Using charts and graphs, Rauner explained how surrounding states use broader-based sales taxes than Illinois to take advantage of growing service economies. “We’re not competitive,” Rauner said.

The idea of expanding the state’s sales tax base to include services, such as on auto repairs, dog grooming or haircuts, has been debated in Illinois since the late 1980s. Expansion efforts repeatedly have stalled in the face of heavy resistance, but Rauner outlined how he thinks Illinois is “out of balance” with other states.

“We are not thoughtful about this,” Rauner said, adding that the Illinois sales tax is too high and too narrowly applied.

Expanding the sales tax is one of the few items Rauner repeatedly has mentioned as a part of an unspecific overhaul of the entire tax code, saying Illinois can’t “just nibble around the edges.”

(Editor’s note: Bold added for emphasis)

It’s going to take a whole lot more than a sales tax hike to turn around the state’s economic fortunes. And Governor Rauner knows that.

So what other measures could be on his agenda for the near-term?

Rich Miller discussed the governor’s visit to the University of Chicago on January 22 and wrote on the Crain’s Chicago Business website the following day:

What is crystal clear is that he won’t ask for any more revenues without first making deep and even drastic cuts.

The new governor pointed to flat population growth and flat job growth as the roots of the problem.

Without “booming” growth, he said, Illinois can never dig itself out of the hole it’s in. And Rauner always HAS said that high taxes are a hindrance to growth.

Rauner singled out two items for his chopping block. First up, Medicaid spending.

“When you realize our job growth is flat, how do you pay for it?,” Rauner said of Medicaid. “I want to do that, but that is not sustainable.” Medicaid, which pays for everything from childbirth to nursing home care, consumes a quarter of the state’s operating budget, and despite some real reforms almost two years ago, costs are continuing to rise. And that’s a problem when next fiscal year’s budget deficit is being pegged at a whopping $9 billion.

Rauner also claimed state employees make too much money, saying they earn more than private sector workers (which AFSCME rejects, pointing to a recent University of Illinois study) and are the third-highest paid in the country. The number of state workers is declining, Rauner noted, but payroll costs are still increasing. Their health insurance is based on “low contributions” from workers, but has a high cost. So, while workers aren’t chipping in much, “you’re chipping in a lot,” he told his audience…

(Editor’s note: Bold added for emphasis)

“Deep and even drastic cuts.” “Expansion of the Illinois sales tax.”

It will be interesting to watch how Illinois Democrats- who hold veto-proof supermajorities in both chambers of the Illinois General Assembly- react to such proposals if Governor Rauner goes this route.

This could get ugly real quick…

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

Sources:

Hellmann, Jessie and Long, Ray. “Rauner presses for sales tax expansion in U. of I. speech.” Chicago Tribune. 29 Jan. 2015. (http://www.chicagotribune.com/news/local/politics/ct-bruce-rauner-champaign-appearance-met-0130-20150129-story.html). 30 Jan. 2015.

Miller, Rich. “Watch out: Rauner sharpens his cleaver.” Crain’s Chicago Business. 23 Jan. 2015. (http://www.chicagobusiness.com/article/20150123/NEWS02/150129882/watch-out-rauner-sharpens-his-cleaver). 30 Jan. 2015.

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Illinois Diaspora Latest: Net Loss Of 94,956 People In State-To-State Migration In 2014

More evidence that Illinoisans are voting with their feet rather than be around as the “Land of Lincoln” is run into the ground. From the Chicago Tribune Editorial Board back on January 6:

Even on days when the temperature is above zero, Illinois struggles to keep people here. They’re leaving, in droves, for states with sunnier economic opportunities.

New census data and other figures reveal the cold hard truth: More people are moving away than coming, tipping Illinois last year into the dreadful category of states with declining populations. From July 2013 to July 2014, Illinois shrank by about 10,000 residents in all

Illinois suffered a net loss of 94,956 people in state-to-state migration last year, the highest rate in decades. That number is one part of an equation involving births, deaths and immigration from other countries that yields the overall population loss. But Illinois’ state-to-state migration loss is the biggest contributor to that overall population decline, Frey says. The last year Illinois had lost population was 1987-88

(Editor’s note: Bold added for emphasis)

The Illinois Diaspora has been a recurring-yet-unwelcome theme on Survival And Prosperity lately. I blogged as recent as January 4:

The Illinois Diaspora continues…

Gregory Karp reported on the Chicago Tribune website Friday afternoon:

Illinois was the No. 3 state in America for outbound moves in 2014, United Van Lines said Friday.

Earlier this week, Allied Van Lines said Illinois was No. 1 for outbound versus inbound moves in 2014, according to its moving data for the year. And Atlas Van Lines said Friday its data also show more people leaving the state than coming, with Illinois ranking second among states with the highest proportion of outbound moves.

Whatever, people sure seem to love to leave Illinois…

(Editor’s note: Bold added for emphasis)

I’m skeptical that a Republican governor now at the helm will be able to reverse the outflow- or the state’s fortunes- anytime soon. First, the Democrats who have mainly presided over the fiscal mess are pretty much still in power- sans Pat Quinn. Second, I’m awaiting the Rauner administration to announce down the road that “drastic times call for drastic measures” (or something like that) to bring the state’s economy back. I’m guessing those “measures” might not be too appealing to prospective Illinois residents, let alone those already here.

“I’m awaiting the Rauner administration to announce down the road that ‘drastic times call for drastic measures’ (or something like that) to bring the state’s economy back”

Anyone hear Governor Rauner’s multiple mentions of “sacrifice” in his inaugural address just the other day?

Stay tuned…

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

Source:

Editorial Board. “Goodbye, Illinois: residents are leaving for other states.” Chicago Tribune. 6 Jan. 2015. (http://www.chicagotribune.com/news/opinion/editorials/ct-illinois-census-brookings-edit-0107-20150106-story.html). 15 Jan. 2015.

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‘People Sure Seem To Love To Leave Illinois’

The Illinois Diaspora continues…

Gregory Karp reported on the Chicago Tribune website Friday afternoon:

Illinois was the No. 3 state in America for outbound moves in 2014, United Van Lines said Friday.

Earlier this week, Allied Van Lines said Illinois was No. 1 for outbound versus inbound moves in 2014, according to its moving data for the year. And Atlas Van Lines said Friday its data also show more people leaving the state than coming, with Illinois ranking second among states with the highest proportion of outbound moves.

Whatever, people sure seem to love to leave Illinois…

(Editor’s note: Bold added for emphasis)

So where are all those former Illinoisans heading? Oregon, North Carolina, and South Carolina according to Karp.

Oregon? Must be the dream of the 90s being alive in Portland.

Regular Survival And Prosperity readers shouldn’t be surprised to hear about any of this. I blogged back on May 13 of last year:

“Diaspora- the movement, migration, or scattering of a people away from an established or ancestral homeland.”
-Merriam-Webster Online

On April 28, I blogged about a recent Gallup poll which revealed 1 in 4 Illinois residents (25 percent) say the state is the worst place to live.

On May 1, I talked about the same poll and the finding that 50 percent of Illinois respondents said they would leave the state if given the opportunity.

I had previously discussed how Illinoisans were departing the state in significant numbers.

And this morning, I read a commentary piece on the Chicago Tribune website that provided more evidence of a “diaspora” taking place from the “Land of Lincoln.” Diana Sroka Ricker of the Chicago-based non-partisan research organization Illinois Policy Institute wrote:

A startling pair of Gallup polls recently suggested that Illinoisans are an unhappy lot. Half of us would move elsewhere if we could. One in 4 says Illinois is the worst possible place to live in the entire U.S.

Naysayers claim it’s all talk. It isn’t.

Not long after the Gallup polls came out, the Internal Revenue Service released fresh numbers showing which states people are moving to and which states people are fleeing.

Spoiler: Illinois didn’t earn any positive marks in this report, either.

According to the IRS, Illinoisans don’t just want to move; they are moving. And they’ve been moving for a long time.

From 1995 to 2010, Illinois lost more than 850,000 people to other states. That’s after you offset the number of people who actually moved in.

The bleeding is bad; on net, 1 person leaves Illinois every 10 minutes.

(Editor’s note: Bold added for emphasis)

I’m skeptical that a Republican governor now at the helm will be able to reverse the outflow- or the state’s fortunes- anytime soon. First, the Democrats who have mainly presided over the fiscal mess are pretty much still in power- sans Pat Quinn. Second, I’m awaiting the Rauner administration to announce down the road that “drastic times call for drastic measures” (or something like that) to bring the state’s economy back. I’m guessing those “measures” might not be too appealing to prospective Illinois residents, let alone those already here.

As for me? Permanent residency in Wisconsin is still a possibility, with the move depending quite a bit on how the “Land of Lincoln” fares in the next few years. If it all goes to crap, then there’s a good chance I’ll be seeking refuge behind the “Cheddar Curtain.”

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

Source:

Karp, Gregory. “Another moving survey shows people leaving Illinois.” Chicago Tribune. 2 Jan. 2015. (http://www.chicagotribune.com/business/breaking/ct-illinois-outbound-moves-0103-20150102-story.html). 3 Jan. 2015.

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The Economist Magazine Investigates Preppers

“Some Americans find survivalists sinister. After Adam Lanza shot 26 people in a school in Newtown, Connecticut in 2012, the media made much of the fact that his mother was a gun-stockpiling prepper. Yet there is no evidence that preppers in general are more dangerous than their compatriots. On the contrary, when natural disasters strike, it is useful to have neighbours who know how to stormproof a house and have bandages to spare.”

-The Economist website, December 17, 2014

Late this morning, I stumbled on an article on The Economist website about preppers. I just finished reading “Preparing for the apocalypse: I will survive,” and thought I’d blog about it a little. The author (couldn’t find a name attached with the piece for some reason) did a pretty good job writing about preppers/survivalists, not falling victim to the usual stereotypes/generalizing echoed in a comment on the article. From “walrusandthecarpenter”:

Preppers are people who are unhappy with their life and can’t wait for the end of the world to come and the tables to turn. They are excited for it to happen.

Me? I like my smartphone. I have a first aid kit though.

“I like my smartphone.” What a goof.

Like I was saying, the author did a pretty good job (points deducted for trying to link those Westboro folks to preppers) with the material. I found what James Wesley, Rawles of SurvivalBlog.com-fame had to say particularly interesting. From the article:

So how might TEOTWAWKI come about? The biggest threat, says Mr Rawles, is a huge solar flare. The last big one, in 1859, known as the “Carrington Event”, disabled telegraph lines. A similar disaster today would “fry the circuitry” of electronic devices and take out the power grid “from end to end”. It would take years to reactivate. Perhaps 60% of the American population could die, predicts Mr Rawles…

I’ve seen some put that die-off figure at 90 percent.

There was also this about present-day preppers:

Survivalists vary politically—just as they are dispersed geographically—and their views colour their apocalyptic imaginings. Many are conservatives, worried about crime, terrorism and hyperinflation and sure that the state cannot be relied upon to protect ordinary citizens. But a fair number are environmentalists, convinced that the planet can only take so much abuse before it becomes uninhabitable. The movement is broad enough to encompass anyone who suspects that disaster is looming, for any reason. It used to be mostly “Bible-believing Christian conservatives”, says Mr Rawles, “But now we have a lot of alfalfa-munching Birkenstock-wearing leftists.” He adds: “The more the better.”

One more reason for me not to bash specific political ideologies/parties- except when they really ask for it, of course.

(Editor’s note: Any former readers of Boom2Bust.com out there remember when I used to savage “Dubya” and Hank Paulson? Thinking of that reminds me this giant economic mess belongs to both sides of the political aisle.)

Jason Charles, a New York firefighter of Doomsday Preppers-fame (blogged about here), is also featured in the piece.

You can read the well-written article in its entirety on The Economist website here.

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

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Illinois Named Worst-Run State In America In 2014

“‘We don’t have the time to mess around. We are in deep, deep trouble financially,’ [Illinois Governor-elect Bruce] Rauner told a meeting of the Illinois Farm Bureau at a downtown Chicago hotel. ‘The next 24 months are going to be rough. And I apologize. I ain’t going to be Mr. Popularity for a little while. That’s OK. Four years from now I think, though, everybody will appreciate what we did.’”

-Chicago Tribune website, December 8, 2014

Talk about lists you don’t want to be on. In 2012 and 2013, Illinois was the 3rd worst-run state in the annual best- and worst-run states in America survey conducted by New York City-based financial news and opinion organization 24/7 Wall St.

So how did the “Land of Lincoln” fare in 2014? From the 24/7 Wall St. website on December 3:

How well run is your state? Assessing a state’s management quality is hardly easy. The current economic climate and standard of living in any given state are not only the results of policy choices and developments that occurred in the last few years, but can also be affected by decisions made decades ago, and by forces outside a state’s control.

Each year, 24/7 Wall St. attempts to answer this question by surveying various aspects of each state. To determine how well states are managed, we examine key financial ratios, as well as social and economic outcomes. This year, North Dakota is the best-run state in the country for the third consecutive year, while Illinois replaced California as the worst-run state

(Editor’s note: Bold added for emphasis)

Ouch. Worst part is, the people who brought us this mess are the same ones still in charge, more or less. It will be interesting to see how much of a difference Governor-elect Rauner- who ran on the Republican ticket- can make in the Democrat-controlled state.

24/7 Wall St. went into more detail about my home state’s latest “honor.” From the piece:

Illinois is the worst-run state in the nation. Like many other low-ranked states, more people left Illinois than moved there. Illinois lost more than 137,000 residents due to migration between the middle of 2010 and July 2013. A poor housing market may partly explain the exodus. Median home values fell 16.2% between 2009 and 2013, the second largest drop nationwide. Illinois has extremely poor finances by many measures. Just 39.3% of Illinois’ pension liabilities were funded as of 2013, worse than any other state. Further, the state’s reserves are estimated at just 0.5% of its general fund expenditure, the second lowest reserves rate nationwide. Both Moody’s and S&P gave Illinois the worst credit ratings of any state, at A3 and A- respectively. According to Moody’s, the state’s rating reflects its low fund balances and high pension obligations, as well as its “chronic use of payment deferrals to manage operating fund cash.”

As for our neighbors, Indiana is ranked 28th and Wisconsin comes in at 26th in 2014- down from 19th and 21st- respectively.

That’s quite a hit (9 places) the Hoosiers took from last year. Wonder what’s behind the drop?

Curious as to where 24/7 Wall St. ranked your state in 2014? Head on over to their website here.

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

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Quote For The Week

“Have you met Joe Biden?”

-U.S. Representative Trey Gowdy (R-SC 4th District), on impeaching President Obama for issuing an Executive Order granting amnesty to illegal immigrants in the United States

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

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Glenn Beck: ‘I Think We’re In The Most Dangerous Period Now Than The Republic Has Been In Since The Civil War’

Last year I had the pleasure of meeting Glenn Beck, the American television/radio host and producer, political commentator, author, and entrepreneur down at his Dallas studio. I was already familiar with his work from FOX News and TheBlaze, and in-person he seemed like a pretty knowledgeable guy who’s able to grasp the big picture in terms of where our country is most likely heading. Here’s what the host of The Glenn Beck Program is saying these days about where U.S. President Barack Obama is going to try and take the country now that the midterm elections are over. To which he adds a dire warning. In an exchange with Bill O’Reilly on The O’Reilly Factor Wednesday night:

O’REILLY: So you’re sitting there with your pie up and your Fred MacMurray sweater and you’re watching the returns roll in- what are you saying to yourself? Are you cheering? Is it good for you? Do you feel vindicated? What’s the feeling?
BECK: My feeling is the President is disconnected from the American people entirely. You saw there was no humility in his press conference today. And he is also disconnected from the Democrats. Hillary Clinton has already separated herself, so now she’s going to play the moderate. He announced yesterday when the election was still going on- that’s usually when the president is quiet- he came out yesterday and said by Christmas he will have his Executive Order on illegal immigration. I think this president- and I hope this is not true- but I think this president is going to go more radical. He doesn’t have anything to lose. He is going to super-serve the uber-left. And the Republicans are not prepared for this. They’re playing politics circa 1975. And they’re not going to be prepared for it. I think we have a very bad scenario headed our way where somebody- because the Democrats won’t be blamed on it because they’ll say “We didn’t have anything to do with it” and “You know what? We’re not as extreme as he is.” And so somebody is going to be able to play the middle ground between the evil Republicans and this president. And I think it could get ugly. I think we’re in the most dangerous period now than the Republic has been in since the Civil War. From now until probably spring of 2017…


FOX News Video

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

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Specter Of 1994 Looms Over Democrats In Renewed Push For Gun ‘Control’

Speaking of Barack Obama and gun “control” this morning, I hear the Democrats are doubling-down on the issue months before the crucial November mid-term elections. Ned Resnikoff reported on the MSNBC website last Thursday:

Gun control, long a dormant issue in American politics, surged to the forefront of the Democratic agenda following December 2012’s massacre at Sandy Hook Elementary School in Newtown, Connecticut. Yet in the following months, as bill after bill failed to pass through Congress, the renewed push for gun control once again subsided – until now.

One hundred sixty-three House Democrats – over 80% of the entire caucus – signed onto an open letter Thursday addressed to Republican House Speaker John Boehner demanding that he allow “a vote on substantive legislation to address gun violence.” The timing of the letter suggests that Democrats are prepared to make gun control in an issue in the 2014 midterm elections…

“The timing of the letter suggests that Democrats are prepared to make gun control in an issue in the 2014 midterm elections”

Just like they did in the lead up to the 1994 mid-term contests?

I’ve suggested it before on this blog- history could “rhyme” again soon for the Democrats.

On September 13, 1994, Congress passed the Violent Crime Control and Law Enforcement Act, which included a 10-year ban on so-called “assault weapons.” U.S. President Bill Clinton signed the legislation into law the same day.

In the months that followed, Democrats were being swept out of office left and right during the “Republican Revolution.”

Now, some doubt the impact of the gun “control” push on this turnover. Here’s what the former president had to say about that period of his administration in his 2005 autobiography My Life:

Ironically, I had hurt the Democrats by both my victories and my defeats. The loss of healthcare and the passage of NAFTA demoralized many of our base voters and depressed our turnout. The victories on the economic plan with its tax increases on high-income Americans, the Brady bill, and the assault weapons ban inflamed the Republican base voters and increased their turnout. The turnout differential alone probably accounted for half of our losses, and contributed to a Republican gain of eleven governorships

(Editor’s note: Bold added for emphasis)

This, from the man himself.

As I pointed out in that 2013 post and an earlier September 2012 piece about the Democratic Party’s adopted National Platform, the Democrats own gun “control.”

And evidently, they’re trying to remind the American people of that fact in the months leading up to November.

Political hara-kiri all over again?

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

Source:

Resnikoff, Ned. “Democratic House members demand gun control vote.” MSNBC.com. 26 June 2014. (http://www.msnbc.com/msnbc/democratic-house-members-demand-gun-control-vote). 30 June 2014.

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Quote For The Week

“Are we witnessing right now the most radically, extremely liberal, ideological president of our entire lifetime right here in the United States of America, or are we witnessing the most incompetent president of the United States of America in the history of our lifetimes? You know, it is a difficult question. I’ve thought long and hard about it. Here’s the only answer I’ve come up with, and I’m going to quote Secretary Clinton: ‘What difference does it make?’”

-Louisiana Governor Bobby Jindal, speaking at the Faith and Freedom Coalition’s annual conference yesterday

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

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U.S. Senator Michelle Obama (D-IL)?

“SUPER WIN FOR CHICAGO AND AMERICA!”

-Comment on website of Chicago NBC affiliate Channel 5 tonight regarding speculation surrounding a U.S. Senate run by First Lady Michelle Obama

Could First Lady Michelle Obama be our next United States Senator here in Illinois?

I spotted the following on The Great Debate blog on Reuters.com earlier this evening. Keith Koffler wrote last night:

Speculation about a possible political future for Michelle Obama has naturally centered on the White House. But that’s the wrong place — at least for now.

Illinois has a Republican senator, Mark Kirk, and he is up for reelection in 2016. He’ll be formidable, particularly given his brave recovery from a stroke. But Illinois is a heavily Democratic state, and the race could be close.

No Illinois Democratic candidate would bring the star power and nationwide fundraising capacity that Obama would.

She has proven herself a superb speaker on behalf of her pet projects and is now a veteran campaigner for her husband. She’s also remained highly popular — even as the president’s ratings have plummeted.

She could represent the Democrats’ best chance to pick up a desperately needed — and winnable — seat. A December 2012 Public Policy Polling survey put her ahead of Kirk, 51 percent to 40 percent. Democratic leaders’ pressure on her to run might get intense…

Personally, I believe that if Mrs. Obama runs for Senator Kirk’s seat, she might just win it.

Nothing against Kirk. But Koffler isn’t kidding when says the “Land of Lincoln” is a heavily Democratic state. A super-majority in both the Illinois House and Senate attests to that. And there’s always “The Machine,” which is still in good working order in Chicago.

That’s not the say the city or state is, though.

I previously thought the Obamas would bid farewell to the “Windy City” after POTUS leaves the Oval Office. But if Michelle decides a Senate seat is something she wants, then it could be several more years still…

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

Source:

Koffler, Keith. “Is Michelle running for the Senate?” The Great Debate. 4 Jun. 2014. (http://blogs.reuters.com/great-debate/2014/06/05/is-michelle-running-for-the-senate/). 5 Jun. 2014.

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Thursday, June 5th, 2014 Government, Political Parties 2 Comments

Illinois House Speaker Michael Madigan Vows To Get State Income Tax Hike Made Permanent

The Illinois House of Representatives approved a $35.7 billion state spending plan yesterday which didn’t factor in funds from a 2011 temporary income tax hike being made permanently available. I surmised Tuesday:

So does this mean Illinois Democrats have abandoned their push to make the temporary income tax hike permanent? I doubt it. This is “Madiganistan,” after all. And what Mike wants, Mike gets.

I wouldn’t be surprised to see some sort of maneuvering being carried out to eventually land these funds. Perhaps another “temporary” increase in such taxes sometime after the November 2014 election, with buzz words such as “fiscal emergency” and “for the children” being used to justify the measure?

Monique Garcia, Ray Long, and Maura Zurick reported on the Chicago Tribune website last night:

Speaker Michael Madigan acknowledged the budget proposal would leave unfinished business and vowed to spend the summer and fall working to get the income tax hike made permanent to provide more money to run state government. The approach also ensures the governor’s race will continue to be framed up by opposite positions on a tax hike Democratic Gov. Pat Quinn and Republican challenger Bruce Rauner have staked out.

“My expectation is that this issue will be taken into the general election and I think the governor will be supportive of an extension of the income tax increase through the general election,” Madigan said. “My expectation is that Mr. Rauner will be against. So you’ll have a clear line of division going into the election. And people can make their choice.”

(Editor’s note: Bold added for emphasis)

Hmmm. Should Governor Quinn be re-elected, one more buzz word I suspect Illinoisans might hear before legislative action is taken by the Democrats to make the income tax hike permanent is “mandate,” as in “Illinois voters have given us a mandate to make the temporary income tax hike permanent during this fiscal emergency. Remember- it’s for the children!”

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

Source:

Garcia, Monique, Long, Ray and Zurick, Maura. “State budget would put off tough decisions until after election.” Chicago Tribune. 27 May 2014. (http://www.chicagotribune.com/news/politics/clout/chi-state-budget-would-put-off-tough-decisions-until-after-election-20140527,0,6506902.story). 28 May 2014.

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Illinois Millionaire Tax Hike Could Pass As Part Of Class Warfare Push By Democrats

While I’ve been putting a lot of time lately into my offshore Web projects, Illinois Democrats have been grabbing the local headlines as they replicate President Obama’s class warfare strategy to win votes in November. Monique Garcia, Ray Long, and Maura Zurick reported on the Chicago Tribune website last Friday:

Illinois Democrats went all-in Thursday with their election-year class warfare theme as Speaker Michael Madigan pitched the idea of asking voters to raise taxes on millionaires, Senate President John Cullerton advanced a minimum-wage increase and Gov. Pat Quinn compared wealthy opponent Bruce Rauner to TV villain Mr. Burns…

The newest front in the campaign battle came as Madigan held a rare news conference to announce he wants lawmakers to put a question on the Nov. 4 ballot asking voters whether the state should raise the income tax by 3 percentage points on those who make more than $1 million a year.

The powerful Democratic speaker said the tax hike on millionaires is a way to generate more than $1 billion for elementary and high schools. Madigan based his calculations on what he said are roughly 13,675 millionaires that lived in Illinois in 2011, brushing aside a question about whether such a tax hike might drive them out of the state.

“Well, if they’re in Illinois today, they’re probably so much in love with Illinois that they’re not going to leave,” Madigan said

(Editor’s note: Italics added for emphasis)

I’m not as optimistic as the 71-year-old Speaker of the House is about Illinois millionaires sticking around if they’re targeted with a tax hike.

After all, money typically gravitates to where it’s being treated the best.

And recent demographic data suggests Chicagoland and Illinois residents may not be “so much in love” with the area as Mr. Madigan claims.

That includes the rich as well.

“Cook County’s population grew by 17,000 people in 2012, about .3 percent- but much of that gain came from immigrants, according to Census Bureau estimates released Thursday.

The figures showed that about 32,000 more domestic residents moved out of Cook County than moved in. But a net increase of 17,000 immigrants, along with a high ratio of births over deaths, contributed to an overall gain for the county…”

-Chicago Sun-Times website, March 13, 2013

Moving Out
The top outbound states for 2013 were:

1. New Jersey
2. Illinois
3. New York
4. West Virginia
5. Connecticut
6. Utah
7. Kentucky
8. Massachusetts
9. New Mexico”

-United Van Lines press release, January 2, 2014

“As the Great Recession churned job prospects for many, Cook County lost about 13,000 residents with six-figure household incomes to other places, despite the widely hyped revival of downtown housing and jobs…”

-Crain’s Chicago Business website, February 14, 2014

“Roughly 13,675 millionaires that lived in Illinois in 2011”

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.

“A way to generate more than $1 billion for elementary and high schools”

I highly doubt that.

So does the proposed millionaire tax hike have a chance of becoming reality?

Consider what Greg Hinz blogged on the Crain’s Chicago Business website Friday:

Springfield Democrats have such big legislative majorities that they won’t need any Republican votes to pass the measure if they hang together. And Springfield insiders are saying that odds are much better that Democrats will unify behind the speaker’s proposal- which, after all, would affect only millionaires like Bruce Rauner- than behind another plan being pushed by Senate Democrats to implement a graduated income tax, which would affect far more voters.

Stay tuned. If you can stomach it.

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

Sources:

Garcia, Monique, Long, Ray, and Zurich, Maura. “Illinois Democrats go all-in on class warfare theme.” Chicago Tribune. 21 Mar. 2014. (http://articles.chicagotribune.com/2014-03-21/news/chi-speaker-madigan-proposes-asking-voters-to-raise-taxes-on-wealthy-20140320_1_tax-hike-bruce-rauner-income). 24 Mar. 2014.

Hinz, Greg. “GOP leaders blast Madigan’s millionaires tax, but idea likely has legs.” Greg Hinz On Politics.” Crain’s Chicago Business. 21 Mar. 2014. (http://www.chicagobusiness.com/article/20140321/BLOGS02/140329950/gop-leaders-blast-madigans-millionaires-tax-but-idea-likely-has-legs). 24 Mar. 2014.

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Republican Candidates For Illinois Governor Split On ‘Assault Weapons’ Ban?

This November, an election will be held for Governor of Illinois. The four Republican candidates for the office- State Senators Bill Brady, Kirk Dillard, State Treasurer Dan Rutherford, and businessman Bruce Rauner- were recently given campaign questionnaires by the Associated Press, in which gun rights was one of the topics.

According to the AP, two of the four candidates may support a ban on so-called “assault weapons.”

From last Tuesday:

In a campaign questionnaire for The Associated Press, the four candidates — state Sens. Bill Brady and Kirk Dillard, state Treasurer Dan Rutherford and businessman Bruce Rauner — all said gun rights need to be protected but that some public safeguards should exist.

The four differed over assault-style guns — high-capacity weapons that have been used in some of the deadliest mass shootings. They currently aren’t illegal statewide, and a proposed statewide ban backed by Democratic Gov. Pat Quinn was pulled from consideration last year in Springfield…

Dillard, of Hinsdale, and Rauner, of Winnetka, both left open the possibility they would support a ban. Rutherford, of Chenoa, and Brady, of Bloomington, oppose such a ban

(Editor’s note: Italics added for emphasis)

However, the Chicago Sun-Times website is reporting that only one of the four candidates may be open to an “assault weapons” ban. Natasha Korecki wrote last Thursday:

Three of the four Republicans competing in the gubernatorial primary say they believe all Illinois residents have the right to own assault weapons.

Illinois Treasurer Dan Rutherford of Chenoa, state Sen. Bill Brady of Bloomington and venture capitalist Bruce Rauner of Winnetka said Thursday night that they believe it’s a right…

Only Dillard sidestepped the question — saying he believed it was better left up to the federal government to decide…

(Editor’s note: Italics added for emphasis)

So what about Rauner? The Associated Press did think his questionnaire answer was “more vague” than Dillard’s. Turning back to their piece:

Rauner gave a more vague answer, saying he supports background checks that keep guns away from criminals and people with mental illness.

“Going beyond that requires a very careful balance between promoting public safety and protecting constitutional rights,” Rauner wrote…

Unless Kirk Dillard and Bruce Rauner actually come out and say they are against a state AWB, I would chalk them up as possibly being in support of an “assault weapons” ban if the political winds were blowing in that direction.

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

Sources:

“Governor candidates split on gun control measures.” Associated Press. 25 Feb. 2014. (http://www.sj-r.com/article/20140225/News/140229532). 1 Mar. 2014.

Korecki, Natasha. “Owning assault weapons a right, three GOP candidates say.” Chicago Sun-Times. 27 Feb. 2014. (http://www.suntimes.com/25882530-505/owning-assault-weapons-a-right-three-gop-candidates-say.html). 1 Mar. 2014.

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Quote For The Week

“I’ve said it before, but if Barack Obama had been president instead of Ronald Reagan, I’d still be a citizen of the Soviet Union.”

-Garry Kasparov, Russian (formerly Soviet) chess Grandmaster, former World Chess Champion, writer, and political activist, in a February 22 “tweet”

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

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