A statewide concern: Illinois’ population decline outpaces neighboring states – Wirepoints on ABC20 Champaign
“We are not in good shape” Wirepoints’ Ted Dabrowski told ABC 20 Champaign during a segment on Illinois’ latest population losses. Illinois was one of just three states to shrink in the 2010-2020 period and has lost another 300,000 people since then. Ted says things need to change. “It’s too expensive to live here, there aren’t enough good jobs and nobody trusts the government anymore. There’s just other places to go where you can be more satisfied.”
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