While Chicago spends 40 percent of its money on debt service, actual services suffer, Illinois Policy Institute's Austin Berg said, adding is also the only city besides New York that doesn’t require voter approval of new general obligation debt. "Voters didn't decide to have all of that debt. And it's important for voters to be able to decide because those decisions affect Chicagoans 30 years from now. So, shackling them with these political decisions now is just really unfair," he said.
“ Pay Day Loans “ Johnson really doesn’t care about debts that will take 30 years to pay off. The man that wouldn’t pay parking tickets or his water bills will eventually walk off with a CPS pension paying him millions depending on how long he lives.
Your spot on. This is what government employees have been doing for decades. It is one big ponzi scheme being played on the taxpayers who will end up paying for it.
If this bill passes, say goodbye to local control over all Illinois parks and expect to see open drug and alcohol use, needles, no sanitation and fire hazards, but no ordinary park users.
“ Pay Day Loans “ Johnson really doesn’t care about debts that will take 30 years to pay off. The man that wouldn’t pay parking tickets or his water bills will eventually walk off with a CPS pension paying him millions depending on how long he lives.
Your spot on. This is what government employees have been doing for decades. It is one big ponzi scheme being played on the taxpayers who will end up paying for it.