Tuesday, Jul 28, 2015
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db1998 - Shooting near 8th and York - Quincy, IL News - QuincyJournal.com
Let's just hope that certain people aren't involved. Like the mother of a little boy that was murdered last spring. Her name was all over the scanner this morning. That would be a sad little circle if she was somehow involved in this. She has a black car, and lives right where the car was stopped. hopefully we have come a little farther in life than that. Please.
WarCry - Seven Dead, 34 Hurt In Weekend Shootings In Chicago - Quincy, IL News - QuincyJournal.com
Chicago no longer has the toughest gun laws in the country. Regarding handguns, they have the same laws as the rest of the state. That was part concealed carry law in 2013, eliminating "home rule" laws regarding handguns. It doesn't matter, though, because regardless of what gun laws are in place or not, it's still illegal to shoot people in almost all circumstances.
WmMunny - Projected remaining Cleanup cost; at least $1.26 Million - Quincy, IL News - QuincyJournal.com
"Tree scape". A fiscal conservative would at least postpone an elective expense like this. Time to re-build cash reserves, then prioritize.
GuyFawkes10 - Senate takes rare Sunday votes, but real drama is GOP leaders\' rebuke of Cruz - Quincy, IL News - Q
One of he few that stands up for what he believes. I don't think any want to take him on head to head but hide behind the procedural rules. Senate is a joke with McConnell, no better than Reid. He lied to get re elected in his state so why would Senate be different?
pjohnf - McConnell Angers Conservatives By Blocking Defunding Planned Parenthood, Kate’s Law - Quincy,
Makes one wonder if McConnell is a republican or the new democrat Harry Reid? McConnell apparently supports the baby butchers, illegal alien criminals, crony capitalism through E/I bank and obstructive legislative leadership. In other words, nothing has changed in congress with the GOP in charge.

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Report: 5 state pension funds owed $100.5B

1 year, 6 months 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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