Government Bankruptcy may be the ONLY solution now available.
The bill for 40 years of Democrat vote-buying is now due-in-full, and there is no money to cover the promises made by politicians years ago.
Thanks for posting this.
I forwarded it to my sweetie, who lives on the northside and teaches at a private Catholic school on the southside. He has to work a second, tutoring job, just to get by.
I hear Quinn is going to raise property taxes, eh?
I’ve been telling my sweetie for a couple of years that he’d better get out of Dodge before he finds himself on the hook for all this crap. Hopefully this article will wake him up.
Thanks again.
Just wondering.....
If a city is considered a corporation and it goes bankrupt, would it be able to default on and renegotiate its contracts and obligations with all the persons and entities with whom it has financial liabilities such as pension plans and employee and retiree benefits?
Who is John Galt?
Somehow, and I don't know how, state law, or our IL Constitution has to be amended where that cesspool on the lake doesn't have control over the entire state. In their entire lives those Chicago asshat pols haven't been 10 miles south of Joliet(1)(2) and (cough) *think* all of IL is like Chicago.
(1) Except when they have to go to Springfield and then they keep their eyes closed for the entire drive.
(2) Or to visit relatives doing time in Statesville Prison.
(Joliet Prison of 'Blues Brothers' fame was shut down a 'few' years back)
How is this different from obamacare?