Thursday, Sep 18, 2014
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Recent Comments

pamarshall - Where $1 million is going at Quincy Regional Airport - Quincy, IL News - QuincyJournal.com
So basically, repainting the runway...isn't considered an acceptable use of the grant money.
WarCry - QPD nabs 66 in latest STEP detail - Quincy, IL News - QuincyJournal.com
I've dealt with the police as the bad guy. From traffic violations to more serious occasions. I treated them with respect and, unremarkably, they did the same to me. I did what I was told and made the process as simple as possible. Any encounter with the police, you get out of it what you put into it. Yeah, there are going to be a few fools out there. But guess what? The system gets rid of them…
WarCry - QPD nabs 66 in latest STEP detail - Quincy, IL News - QuincyJournal.com
Aside from the absolutely, hilariously absurdity of your comparisons, you are licensed by the state to drive a car, and your car is licensed by the state to be on the roads. When you get those two types of license, you are contractually agree to the state's terms that they can perform stops like this. Likewise, you're giving your consent (look up "implied consent") that if they think you're…
MountainMan - QPD nabs 66 in latest STEP detail - Quincy, IL News - QuincyJournal.com
Is this a "stop and frisk" or safety check point type of program or is it Police sitting along side the road or in a parking lot checking for signs of suspicious activity type of program?
MountainMan - QPD nabs 66 in latest STEP detail - Quincy, IL News - QuincyJournal.com
This comment in itself is ignorant. You don't know everyone's experiences with the cops. I have had some good ones but I have also had some very bad ones, anymore I am on guard when I have an encounter with the police. Not all of them have the protect and serve mentality especially the younger ones.

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8 months, 1 week ago sj-r.com

Debt would have been lower if computation method hadn't been changed

From sj-r.com:
Illinois’ pension debt has officially topped $100 billion, according to a new report issued Wednesday.
And in a bit of irony, the debt would have been lower if lawmakers hadn’t decided in 2009 to change the way it’s computed — in order to lessen the effects of stock market losses.
The report from Auditor General William Holland’s office shows the unfunded liability of the five state-funded pension systems was $100.5 billion as of June 30, the end of the state’s fiscal year. That’s an increase of $5.9 billion from the previous year.
However, that’s the deficit as computed using a process called “asset smoothing” in which investment gains or losses are spread over a five-year period. That approach was adopted by the General Assembly in 2009 at a time when the recession was devastating investment income for the systems. The first time the smoothing system was used, it resulted in the pension deficit being $15 billion lower than it would have been otherwise.
In the latest report, the pension deficit would have increased only about $668 million, to $97.5 billion, had the smoothing method not been used. That’s a reflection of the significant gains in the stock market in the past year.
“The smoothing is intended to even out the extremes,” said Rep. Elaine Nekritz of Northbrook, the House Democrats’ point person on pensions.
Although some may be tempted to have the state return to the old system, Nekritz said that would be a mistake.
“To really be successful at that, we would have to be anticipating the market and I don’t think that’s a task we should be pursuing,” Nekritz said. “Asset smoothing is used by a fair number of pension systems around the country, so it’s not like Illinois is unusual in adopting that method.”
The numbers reflect the pension debt before lawmakers approved a pension reform plan.

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