Why Nobody But Bond Buyers Should Like Chicago’s Latest Deal – Wirepoints Original
The toddlin’ continued for now, but the music can’t go on forever.
The toddlin’ continued for now, but the music can’t go on forever.
The losers in Chicago’s bond scheme may end up being taxpayers, service recipients, public pensioners and everybody else except the muni bond community—bondholders, underwriters, bankers and lawyers.
Publicly, party leaders made a show of unity. Lightford, who is Senate majority leader, hugged Harmon on the Senate floor Sunday afternoon as she nominated him to become the next Senate president. Harmon, who is white, was elected unanimously after hours of negotiations. But afterward, accusations flew of personal betrayal, and long-time simmering feuds bubbled over.
Lightford, D-Maywood, blamed former Illinois Senate President Emil Jones Jr., and his son, Emil Jones III, who is currently in the Senate, for her loss. She would have been the first female black Senate president. She thinks their opposition may stem from

Foxx needs lawyers now, what with special prosecutor Dan Webb looking into the Smollett mess and the FBI hanging around the case. But she doesn’t need to stick taxpayers with the legal bills. Retired Judge Sheila O’Brien insists state law mandates that state officers with legal issues be represented by the Illinois attorney general’s office.
Isn’t Foxx supposed to follow the law?
“We’re going to find out,” O’Brien said Friday in an
Comment: A particularly good summary of what should be obvious.
As it geared up for a two-week strike last fall, the Chicago Teachers Union spent nearly $1.5 million from the dues it collects from members on lobbying and other political activity, a Chicago Sun-Times examination of the clout-heavy union’s finances has found. The money was on top of $1.2 million that the CTU’s two political action committees gave union-friendly candidates and political organizations.
And a union foundation has cut back sharply on the money it gave to charities and like-minded groups — to $1 million in 2018 from $1.9 million the previous two years. That’s according to the
Over the last year, the City Council pushed Decatur’s boundaries outward, annexing hundreds of properties despite vehement objections from new residents whose spacious houses and half-acre lots contrast sharply with the smaller, aging homes in neighborhoods closer to downtown.
Illinois’ problem isn’t the form of taxation, it’s the level. Illinois government is simply spending at a rate its dwindling number of taxpaying residents cannot afford.

On the graduated income tax proposal, Brady says:
“Pritzker has sold it in a way that some people might believe—and he might even believe. But the truth of the matter is, if you look at the history of politicians, particularly Democrats, you’ll find they are more than willing to reach into the taxpayers’ pocket and take more money,” Brady said. “And there were other circumstances surrounding his election victory. Gov. Pritzker spent a record $180 million on his campaign. Gov. Rauner spent less than $50 million. It was a very lopsided appeal.
“I believe the voters will reject—when they’re informed

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