Massive village debt has Landek, Bridgeview homeowners on the brink – South Cook News

Village debt as of Dec. 31, 2018 had risen to $321 million, according to its Comprehensive Annual Financial Report filed July 5. That’s up from $245 million in 2014. Both numbers, for a town of just 16,335, are unprecedented.
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DOUG
4 years ago

What I find fascinating is the Democrats preference for the Scorched Earth Death Spirals than filing for BK and restructuring debt and obligations. They will destroy 95% of the taxpayers to bail themselves out. Even more fascinating is the stupidity of the people voting for these same criminals.

MikeH
4 years ago
Reply to  DOUG

Paints a dim picture of the average Illinoisan’s understanding of economics, doesn’t it?

Illinois Entrepreneur
4 years ago
Reply to  DOUG

I wondered about it for awhile too…many years back. But when you realize that rationality is overcome by the sheer, brute power of public employee unions, you realize that this is why it persists. They will fight to the death for their pensions and money, hoping that people will continue to pay more and more until it collapses. It’s really just a waiting game for the older union members, who are hoping that they can ride it out until they’ve gotten theirs. As for the voters, their continued apathy and lack of interest in municipal finance matters has gotten them… Read more »

debtsor
4 years ago

I feel no sympathy for anyone who votes Democrat.

Illinois Entrepreneur
4 years ago
Reply to  debtsor

I agree with you. But unfortunately in Illinois almost all “Republicans” are RINOs who are grifters no better than the democrats. This state is sinking as fast as it is because there are few Illinois politicians who actually hold office for the sake of principles and the public good. The ones that do are there for social/religious issues. The others are there to collect a check, like the many talentless mopes in Springfield do.

MikeH
4 years ago

Our local senator was one of the good ones. Unfortunately, he recently announced his retirement out of disgust at the way the last session went. Makes me wonder how many others will follow suit, only to be replaced with more RINOS.

Debtsor
4 years ago
Reply to  MikeH

Don’t worry, in 2022 when the new districts are drawn, there won’t be any red districts left in the state.

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Number of half-empty Chicago public schools doubles, yet lawmakers want to extend school closing moratorium – Wirepoints

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