"The door is open, then, for Illinois and Chicago to return to D.C. and ask for federal assistance. If granted, taxpayers nationwide will pay for the Windy City’s fiscal recklessness. And the bailouts likely won’t stop there. Officials in other cities, such as Mayor Zohran Mamdani in New York, will be watching closely. If Chicago can get a bailout, why not the Big Apple?"
Somewhat related to this–see Prager U video called The Real Tragedy of the Welfare State. Chicago is financially bankrupt because it is morally bankrupt. And corruption is really expensive!
daskoterzar
1 month ago
The bail out has already begun with the confiscation of $1.5B given to the Chicago CTA to cover their robbery of available funds. They took money taxed from down state residents and gave it to the Chicago CTA. This is funded by the hardworking actual tax paying citizens of Illinois. These are the beginnings of a larger scale bailout. Has anyone heard anything about how the CTA is using this fortune dropped in their laps by the Illinois legislative thieves in springfield? No, of course not. It is the quite robbery taking place. The State Legislature didn’t put any controls… Read more »
David F
1 month ago
State needs to allow Municipal Bankruptcy.
Fullbladder
1 month ago
Bailout with what? Our country is broke, every Blue State/City is broke. It would take Trillion$ of printed money to do so; and Bessent knows it.
Leaving Soon, just not soon enough
1 month ago
Zero chance of a bail out. The whole country would be against it. Most everyone in the country laughs at all the stupid things Illinois has done and is still doing. It is no secret that Illinois is run by the public sector and pays huge pensions at young ages.
Let’s start a new trend, the US to states
like Illinois, New York, California, DD.
Drop Dead! Put up billboards, posters,
license plates, anything that makes sure
those states and others get the message.
A largely unasked question is becoming glaring: Is Illinois doing all it should to use artificial intelligence to make government cost less and work better? So far, the evidence says no.
Somewhat related to this–see Prager U video called The Real Tragedy of the Welfare State. Chicago is financially bankrupt because it is morally bankrupt. And corruption is really expensive!
The bail out has already begun with the confiscation of $1.5B given to the Chicago CTA to cover their robbery of available funds. They took money taxed from down state residents and gave it to the Chicago CTA. This is funded by the hardworking actual tax paying citizens of Illinois. These are the beginnings of a larger scale bailout. Has anyone heard anything about how the CTA is using this fortune dropped in their laps by the Illinois legislative thieves in springfield? No, of course not. It is the quite robbery taking place. The State Legislature didn’t put any controls… Read more »
State needs to allow Municipal Bankruptcy.
Bailout with what? Our country is broke, every Blue State/City is broke. It would take Trillion$ of printed money to do so; and Bessent knows it.
Zero chance of a bail out. The whole country would be against it. Most everyone in the country laughs at all the stupid things Illinois has done and is still doing. It is no secret that Illinois is run by the public sector and pays huge pensions at young ages.
Let’s start a new trend, the US to states
like Illinois, New York, California, DD.
Drop Dead! Put up billboards, posters,
license plates, anything that makes sure
those states and others get the message.