“Chicago appears to be following Detroit’s lead to financial disaster, perhaps the latest victim of decades of one-party rule by Democrats eager to redistribute wealth while driving real wealth creators out of cities.”
And his idol in the white hut is on par to lead the US to financial disaster...
Pray we take back the Senate and retain the House in 2014 — We can then at least stop or freeze the present_dents appetite for “tax and spend” and try and start turning this failing ship around.
Rising debt, falling credit rating, growing illegal population.
Couldn’t happen to a more deserving town.
0% towards retiree’s healthcare. Why am I not surprised. Chicago politicians make promises in exchange for votes then when the bill comes due just stick everyone else with the bill. Why put money away for healthcare when it soon will be free for everyone?
http://www.freerepublic.com/focus/f-news/3052069/posts?q=1&;page=1
See posts #4 and #46.
http://www.freerepublic.com/focus/f-news/3052069/posts?q=1&;page=1
See posts #4 and #46.
lol...
I did not know this. Previously, I had predicted that Chicago won't go the way of Detroit for a long time because there are still plenty of wealthy people to fleece. As long as they can still cut checks, they can still cook the books. I had surmised that until you start seeing a trend of population decline, Chicago can't even be considered to be on the list of who's next.
This must be a well kept secret. Because it is the upper and middle class that can afford to move or relocate. The poor don't move. The wealthiest usually go first as many of these folks already work on a national level. If they are losing population, it's a good bet that many of these are the highest tax victims.
I know a lot of Chicago people move to the high rent districts in northern Indiana (just out of Chicago). But those folks get hit with double taxation from IL and IN. An IL law requires workers that earn income in IL and live in IN still have to pay IL income tax. IN also collects taxes from them but I think IN let's them take some part of a deduction for what IL charges them (Not sure of the details here). I speculate that is why there is so much money in the Region (far northwest IN).
The large urban areas have become a threat to the republic, the sooner they fail the better!
So will this triumph be enough to power Rhambo to POTUS 2017?
IBD EDITORIAL PING
Pew also reports Chicago’s retiree health benefits are exactly 0% funded, with not a single dollar against a $1 billion liability. The city’s retirees could wind up in thrall to ObamaCare.
Ah sweet sweet irony. I love it
IBD EDITORIAL PING
I like the fact that some cities in Colorado want to secede from the state. I think it should be done across America.
There are good people in Illinois. We need to secede from chicago. Hell, I am all for all conservatives moving to one side of the country and letting the liberals control the other half.
Fair test. See what works.
IBD DITORIAL PING