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Chicago’s Collapse Has Begun
American Thinker ^ | July 13, 2016 | Michael Bargo, Jr

Posted on 07/13/2016 4:10:26 AM PDT by detective

The city of Detroit, now famous as an economic disaster, began its decline when it lost jobs. This was accompanied by a loss of population, a rapid rise in poverty, increasing dependence upon federal entitlement programs and an unstoppable downward economic spiral.

Puerto Rico is now undergoing an economic collapse sparked not by population loss but by excessive government spending. Chicago is in the same situation. Government overspending and over taxation comes first, population loss follows.

Chicago is technically bankrupt. Its expenditures have exceeded its receipts for about ten years. All big rust belt cities in the Midwest, East, and Northeast have been losing population since 1950. Detroit’s population has dropped from 1.85 million to 800,000.

(Excerpt) Read more at americanthinker.com ...


TOPICS: Crime/Corruption; Government; US: Illinois
KEYWORDS: chicago; collapse; economy; illinois
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To: Balding_Eagle

Why are “we” going to change anything in Chicago. Local issue.


41 posted on 07/13/2016 5:56:41 AM PDT by morphing libertarian
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To: morphing libertarian

As Chicago “dies”, many of the “survivors” have migrated to Wisconsin. Pray for us!


42 posted on 07/13/2016 5:59:26 AM PDT by DaveA37
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To: morphing libertarian

I laugh at their LIB-induced situation. Bwahahahahahahaha.


43 posted on 07/13/2016 5:59:32 AM PDT by hal ogen (First Amendment or Reeducation Camp?.)
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To: morphing libertarian

I laugh at their LIB-induced situation. Bwahahahahahahaha.


44 posted on 07/13/2016 5:59:32 AM PDT by hal ogen (First Amendment or Reeducation Camp?.)
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To: magua

When the productive are responsible for the sloths of society and gubmit demands it, this is the result.

We’ll be Brazil in 2 years. Venezuela in 5.


45 posted on 07/13/2016 6:00:29 AM PDT by Roman_War_Criminal
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To: cyclotic
"A friend of mine has proposed that if a state declares bankruptcy, they forfeit statehood and revert to being a territory. The President appoints a Governor who appoints territorial leaders until they are solvent again."

If Obama appointed a Governor, then until they are solvent again would be forever.

Come to think of it, didn't he appoint Rahm Emanuel? ;-)

46 posted on 07/13/2016 6:01:59 AM PDT by MV=PY (The Magic Question: Who's paying for it?)
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To: hal ogen

We need chicago and detroit as solid proof of the failure of liberalism and Chicago is concrete proof of the failure of gun control.


47 posted on 07/13/2016 6:04:55 AM PDT by morphing libertarian
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To: DaveA37

ouch. I have been in great places in social in the 0s when the government (HUD) moved probationers and parolees and welfare families from south central LA into perfectly good cites and ruined them. Classic examples, Moreno Valley, 1990s, Pomona after the Watts riot.


48 posted on 07/13/2016 6:07:00 AM PDT by morphing libertarian
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To: morphing libertarian

Now Obama is trying to “economically integrate” every city in the US and/or dump a bunch of Somalis, illegals and others from terrorist hellholes into every city in the country.


49 posted on 07/13/2016 6:08:21 AM PDT by morphing libertarian
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To: detective

Bookmark


50 posted on 07/13/2016 6:10:44 AM PDT by Southside_Chicago_Republican (If liberty means anything at all, it means the right to tell people what they do not want to hear.)
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To: Jimmy Valentine

Ever been to some places in California?


51 posted on 07/13/2016 7:05:22 AM PDT by goodnesswins (Alinsky.....it's what's for dinner: with Cloward Piven for Dessert)
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To: ilovesarah2012

“Why did Rahm want that job?”

Democrat politicians are all about money and power - personal money for themselves and personal power for themselves, that is (see, for example, the Clintons).

Rahm parlayed his connections with the Clintons into a job at a Chicago investment firm, at which he made some $16 million dollars (despite having no professional training in business). He was later appointed to the Board of Directors of Freddie Mac, where he pulled in some more bucks. So he’d taken care of the money end.

Mayor of Chicago was the power part - the machine dropped that position in his lap, despite the fact that he’d had no real residency in the city during the time required for his eligibility to run for that office.

If he had to run again today, he’d probably get tossed, despite the machine - the blacks hate him, the hispanics hate him, the teachers hate him, the cops hate him, and most of the remaining whites hate him - he’s an arrogant little sh!t and everybody knows it. The business community that profits from cronyism and the ward heelers who steer benefits to their constituencies are what kept in power in the last go round.


52 posted on 07/13/2016 7:10:50 AM PDT by Stosh
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To: cyclotic
if a state declares bankruptcy, they forfeit statehood and revert to being a territory.

No Congressmen, Senators or votes in the Electoral College?

53 posted on 07/13/2016 7:42:07 AM PDT by Toddsterpatriot ("Telling the government to lower trade barriers to zero...is government interference" central_va)
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To: Biggirl

And all those Chicagoan’s voted for their self-immolation. I have no sympathy at all for them.


54 posted on 07/13/2016 8:20:18 AM PDT by sarge83
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To: PGR88
Return us to a free-market currency, out of the control of central planners,

SIX US Presidents tried to do so. Those SIX US Presidents were assassinated or died under 'mysterious circumstances".

55 posted on 07/13/2016 8:37:36 AM PDT by UCANSEE2 (Lost my tagline on Flight MH370. Sorry for the inconvenience.)
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To: Stosh

Thanks. I didn’t know all the details.


56 posted on 07/13/2016 9:19:15 AM PDT by ilovesarah2012
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To: Nailbiter

ping


57 posted on 07/13/2016 10:22:40 AM PDT by IncPen (Hey Media: Bias = Layoffs)
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To: newfreep
Today the average Chicago public school teacher who lives to collect it will retire with a pension of $73,000 a year.
58 posted on 07/13/2016 10:30:35 AM PDT by JimRed (Is it 1776 yet? TERM LIMITS, now and forever! Build the Wall, NOW!)
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To: sarge83; Stosh

I live in Wheeling, Illinois. Why do so many Chicago voters vote for liberal Democrats, although, during most of the time that the Democrats have been in power, the city has had high tax rates, high crime rates, and high unemployment rates?


59 posted on 07/13/2016 11:49:57 AM PDT by PhilCollins
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To: PhilCollins

“Why do so many Chicago voters vote for liberal Democrats . . .”

For what it’s worth, my theories - there’s no single factor, but a combination of many factors:

1) There’s no viable opposition - the GOP in the city has been effectively destroyed (every member of the city council is a donkey) - that’s Madigan’s vision for Illinois, and Obama’s vision for the country: no opposition.

2) Machine organization. You want anything done at street level, you support the Dems. My dad lived in the city - 40 years ago he refused to put a sign for an aldermanic candidate on our lawn; the next week, our garbage wasn’t collected (and that continued for months).

3) Minorities. Too many blacks and hispanics just blindly follow the lead of their local precinct captains, ministers and activists, all of whom get table scraps from the scum at the top of the machine.

4) Affluent whites. They vote democrat because they’re better than everybody else and they’re smarter than everybody else, don’t you know, and of course anyone who’s not liberal is one step removed from being a Nazi. The city’s falling apart around them, but liberalism is their religion, and no way they’ll buck the democrats.

5) An evaporating middle class (both white and black): they’ve got enough sense to care about there families above all else, and rather than fight a rigged game in the city, they’ll head out to DuPage or Lake County (Indiana or Wisconsin if they can swing it). They can see through the donkey bull-pucky, but it makes more sense to just clear out.

6) The unions The union leadership is totally in bed with the machine, and as a result, most of the rank-and-file goes along as well, even as their neighborhoods turn to donkey-dung.

7) A short-sighted and selfish business community; you want anything done in the city (permitting, variances, utility upkeep. etc), you kiss the behind of the party. No clout, no profits; cronyism reigns, another tactic Obama has imported.

I hate to pessimistic (I loved the city when I lived there), but it’s gotten so out-of-hand, I think it will just have to degenerate to Detroit, and then maybe we can start all over again.


60 posted on 07/13/2016 12:12:23 PM PDT by Stosh
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