In this interview Ted covers:
- Mayor Lightfoot’s proposed 2020 budget that relies on taxes and one-offs, meaning more trouble and more deficits next year.
- Expect Lightfoot to pass property tax increases if she doesn’t get what she wants from Springfield.
- Chicago has record deficits, junk credit, growing out-migration and a poor housing market despite the strong national economy.
- Why Chicago’s junk credit rating matters during a boom economy.
Read more about Chicago’s financial crisis:
- Lightfoot’s budget won’t stop Chicago’s downward spiral
- Chicago’s Pitch For New Bond Refinancing Is Mighty Fishy
- Chicago teachers strike: Why is no one talking about pensions?
- Here is the list of benefits Mayor Lightfoot is offering to the teachers’ union and why it’s terrible for Chicagoans
- Why Chicago’s Lightfoot should push for a pension amendment, not tax hikes
Summary and audio
Much of the routine trade and investment between China and America is entirely appropriate and in America’s interest. But inserting the Chinese Communist Party into America’s pay-to-play system and its economic development strategy isn’t just crossing a line. It’s a leap into an abyss of stupidity.
Illinois paid the price for embracing Fauci’s “science.” Here’s the retrospective.