Wirepoints’ Mark Glennon on AM560: Why We Need to “Relentlessly” Make the Blue State-Red State Case
Glennon raised the stakes of the moment in broader civilizational terms: “This election in Illinois is not about the usual pedestrian issues… it’s about nothing less than whether Western civilization survives in our democratic republic of America because [the left], just on the open border alone, will destroy the country, and now they’re bringing in the jihadists, frankly, into the party.” Audio and summary linked here.Audio and summary linked here.
New Trier High School made national headlines nine years ago as a “canary in a coal mine” for political indoctrination in public schools. The canaries lived.
Among the consequences of economic growth that badly lags national averages are billions of lost revenue every year. Yet denial reigns in Illinois, fueling the vicious cycle of demand for higher taxes.
With 100% of risk to be born by taxpayers in the age of covid..with zero cuts, zero layoffs, zero risk for the gov class….what could possibly go wrong? What moral hazard?…debts for dummies
Leave Chicago and Illinois ASAP.
Nothing but greed government workers and CROOKS.
This strategy is akin to a retail investor trading stocks on margin. It doesn’t end well especially when your carrying cost is 6% to break even. Question though, to lower their costs why not go out further on the yield curve, could Chicago presumably offer up a 50 year, 70 year bond? Maybe the real question is who would buy these PO(S) bonds anyway. Eventually your credit runs out!
They only way Chicago could lower its borrowing costs is to back the bonds with sales tax revenue. GO bonds would carry a higher interest rate