I mean, the city of Chicago is set to have nearly a Billion dollar deficit.
Nine Hundred Eighty Two million, to be exact….
Giving things to people without a plan to pay for it does that. Letting the unions run the city does that, espcially when it is the city services unions that do the magnagement rather than actual, you know, managers…..and when there are no standards for productivity. Gnerally, city offices have more “supervisors” than workers.
Of course they are looking at taxing the “wealthy” even more….which will likely result in more “Wealthy” people leaving the city.
Or they can cut “services”…so they get the defunding of the police that they wanted…..and lots of other services that are really already poorly mamged and lack funding and good management.
Of course, the city found lots of money for the illegal immigrants and all that, often at the expense of the black population, But that funding deficit went even further than just taking tens of millions from the African population… It comes down to the fact that the city is run by a bunch of socialists that were elected because of their DEI scores rather than competence…..or a grip on reality, for that matter.
Now they have to come up with something, some way, to find nearly a Billon dollars.
Getting what they asked for.
“Now they have to come up with something, some way, to find nearly a Billon dollars.”
They’ll rip a page from Big Mike’s Obama’s book. “Some will have to give up a slice of their pies so that others can have a slice of pie…” Funny; it never seems to be the Obamas who are giving up slices of their pie…
…And then there’s “governor” Newsom in California. The state’s in the red by about $27B and counting, and yet he wants to hand out $150K interest-free “loans” to illegal immigrants so that they can buy houses… Sometimes the “stupid” writes itself…
They will try to sell those home loans to investors who will not touch that pool with a ten foot pole. If the banks come down to pennies on the dollars someone might be willing to take it off their hands. But that will still leave stupid state looking to uncle joey to print them some money.
Is bankruptcy Chicago’s only choice? Every person has a financial breaking point. If taxes are raised more people are going to reach their financial breaking point and leave. Those who stay will be forced to pay more, forcing more people into their financial breaking point and they too will be forced to leave. A vicious cycle that never ends.