Chicago, Detroit “Least-Prepared” For A Recession, Says New Moody’s Report
They shouldn’t wait until a recession comes. By then, it might be too late to save Chicago’s city worker pensions…
Continue readingchicago
300,000 Students Without School As Chicago Teachers Strike: 13 Things That Matter
The simple fact is Chicagoans can’t afford the union’s demands, or Mayor Lightfoot’s offer…
Continue readingSimon Black: This City’s Police Department Is Running A VEHICLE IMPOUND RACKET
Simon brings us the latest absurdity in civil asset forfeiture where citizens’ vehicles are being impounded and auctioned off, regardless of who’s driving!
Continue readingChicago’s Pension Funds Are Looking More Like A Collapsing Ponzi Scheme
In just a couple years, more pensioners will be draining money from the pension funds than active workers are putting in, and that’s not the only problem…
Continue readingNickel & Dimed: Chicago Playstation Users Angry They Must Now Pay 9% ‘Amusement Tax’
Many online gaming/streaming services have already given in, having lost in court. Now Sony has given in as broke cities nickel and dime their residents…
Continue readingBroke Illinois Pension System Leaves Every Resident With $11,000 Of Debt
“failure to address its pension crisis has resulted in further deterioration of the state and cities’ finances, exorbitantly high borrowing costs, and…”
Continue readingCatalyst For The Next Crisis? Illinois Enters Its Death Spiral
The state of Illinois is long past getting its act together, which means default, restructuring or dissolution if its debts. Here’s why…
Continue reading