Chicago, caught between the proverbial rock and hard place with only two choices left, raise taxes or commit political suicide; what a splendid site to see when they hang themselves with their own rope. Detroit before them and now Chitown going to game plan number 1. Dead broke and in need of $500 million, new tax proposals are set to suck the life blood out of a cadaver. Pension obligations are strangling city after city, town after town, state after state; Chicago and Illinois are no different.
Riding high on other people’s money, rolled out in spades by the Democrat Daly machine. A pleasure to see this happen. We are filled with euphoria when a Democrat politician has egg all over his face. The Democrat blame game is about to begin; like a midnight comedy club, dirt will be thrown. But hey isn’t there an old saying, Keynesian type of dribble, “the more money government spends the faster the economy grows?” All we can say to Chicago, ” welcome to Venezuela amigo.”