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Illinois Budget: What It Does And Doesn't Do (Surprise Giveaway To Muni Bondholders?)

Illinois Budget: What It Does And Doesn't Do (Surprise Giveaway To Muni Bondholders?)

Authored by Mike Shedlock via MishTalk.com,

Illinois now has a budget, the first in three fiscal years. An excellent writeup on The Stump entitled Illinois Financial Disaster: Even More Reactions to the Budget explains what passage of the budget does and does not do.

Here are some links mentioned by The Stump and a few additional links and comments by me.

The Budget Fixes Nothing

Mark Glennon at Wirepoints comments on the Many Ways Illinoisans Won’t Pay Higher Taxes

There's Just One Catch In Reed College's All-Expenses Paid Campus Visit Program: No White People Allowed

There's Just One Catch In Reed College's All-Expenses Paid Campus Visit Program: No White People Allowed

High school seniors from all over the country considering the option of attending Reed College in Portland, Oregon have an amazing opportunity to apply for an all-expenses-paid program, including round-trip air travel, room and board, to visit campus ahead of the fall semester...there's just one catch: whites need not apply. 

The program is called the "Discover Reed Fly-In Program," but if you're a poor person, who happens to also be white, then you're just shit out of luck.

Drunken Shia LaBeouf Tells Black Cop He's Going Straight to Hell - "Especially" Because He's Black

Drunken Shia LaBeouf Tells Black Cop He's Going Straight to Hell - "Especially" Because He's Black

Content originally published at iBankCoin.com

Shia LaBeouf, who apparently slips into a full wigger accent when drunk, brought out his inner racist after his arrest in Savannah, GA over the weekend - telling a black cop that he's going "straight to hell... especially because you're black."

The Tragedy Of The Commons In The American Prison System

Authored by Chris Calton via The Mises Institute,

In a previous article, I wrote about how the war on drugs and the government monopoly on the legal system has created the Tragedy of the Commons in our justice system. Because legislators and police officers have every incentive to appear “tough on crime” but the cost of the sending a criminal to a courtroom is socialized, the courts have become increasingly backlogged. What that article did not cover is the related “commons problem” in the prison system and the consequences that follow.

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