Chicago in total collapse as Comptroller has to figure out which bills to pay and not to pay!

They had best make the City Payroll the top priority to pay.

Otherwise there won't be any city services such as police, fire fighters and trash collection.

Without those critical services, the place will turn into a Mad Max Redux very quickly.

Keep him right where he is at.

They deserve him

Do you see this as a bad thing?

u just have 2 questions


whos the mayor and what religion is he?

Suuure will be interesting to watch what happens when she pays government employees and puts welfare recipients and hospital patients at the end of the line.

No big deal.
These bean counters know how to move numbers around.
little hiccup in an long sloping upward trajectory

The country would be a better place if chimpcongo collapsed.

It's the state, not the city of Chicago. Although, I would venture to guess the city of Chicago is not in much better condition.

Holy shit. Just like clockwork.

THIS IS YOUR WARNING PEOPLE


This is the marker for the economic collapse. Over the past couple of years I've been saying to watch for the unfunded liabilities to lead the way to the bond market collapse that triggers the massive DOW tanking.

Specifically I've been waiting for the pension component.

Here's why. Over the past several years many States have passed laws requiring towns and cities to pay all their pension requirements first. In some cases the laws require towns and cities to prefund years worth of pensions ahead of everything else. Many of these laws go into effect this year (2017).

Remember when the news had tons of reports about the financial health of the Post Office? Well, that was because Congress passed a law requiring them to fund 75 years worth of pensions in a 10 year time frame. Somehow the USPS pulled it off.

The same type of thing is about to begin hitting towns and cities / municipalities. The problem is the money isn't there. These towns and cities simply will not have the funds available to fund their pensions first and have enough to cover everything else. And when push comes to shove, these places will pay the pensions, then all their payroll and project requirement and then if any is left over they'll pay on their loans (Bonds).

This is the beginning of the beginning. Once this begins we're going to start seeing a lot.. A LOT... of bond defaults.

I never thought I'd see it... but here it is.

They have the same money. No BUDGET!!!

Chicago makes up about 25% of the State of Illinois. The surrounding metropolitan area, known as Chicagoland (I kid you not) makes up about 75% of the population of the entire State. Without even considering the demographics of the area, it is a no brainer where all the money is going. Chicago is a giant toilet bowel where most of the tax dollars get flushed away in.

It is nothing but mafia. The governors go to jail. Other states don't even accept their driver's licenses they are so crooked.

The people all vote democrat because that is how their parents voted. The cops are crooked.

The teachers are all union and you cannot fire the bad ones. Some are even violent to the kids and get to keep their jobs because of the unions.

Some coaches make over 100,000 per year as do some of the special education administrators. The union creates overpaid lazy employees.

The people are rude and don't even know they are rude.

They are a sanctuary city for thugs.

They have dog fights right next to day care. They raise pit bulls to fight. They deal drugs and move out to the suburbs and rent apartments so other drug dealers don't steal their drugs.

It is a cess pool. A complete and utter loss of humanity.

Let it implode. Make them stay there. Don't let them export their sewer sludge to other states.

What they lead in IQ points they make up for in their lying, cheating, thieving, low-life ways.

May they all crash and burn.

The city pretty much is the state though. (Sadly)

Next thing you know, they will say it's President Trump's fault.

Are they protecting illegals? If they are I have zero pity. No bailouts.

The city has a new scam running now

They will put out roadwork signs on main though fares such that all the street parking is blocked. But never any actual roadwork takes place.

They write parking tickets like mad.


All over the city

All at once


It's brilliant actually

private services would or could take up the slack, they'd be better and more responsive to the customers. And much cheaper.

Last Edited by s. d. butler on 06/19/2017 12:21 AM

I took it as the 100% being all of the mandates including Medicare. So basic services and pensions get paid too but nothing else. Either way, they will eventually default on the bonds then the dominoes across the country will start tipping over too. CA should be worse...they have a few megacity money drains and even stupider libtardy laws.

That would be fun...so then you would get a monthly bill for police services who pull you over to extract more money. Or even better, arrest you for not paying your police bill.

As Margaret Thatcher once said. Socialism is great until you run out of other people's money.

you mean like what happens with gubmint police?

Private firms have much higher integrity than that. They don't have the power of the state monopoly behind them.

Do some research before parroting the statist line.

[link to reason.com]


Another example is the Detroit Threat Management Center (TMC), a private security firm that provides a range of affordable public safety services, including car-to-front door escorts, security details, and neighborhood patrols. "I attribute the bankruptcy and all the economic issues to a lack of safety," says TMC president Dale Brown. "If you don't feel safe, why would you invest here?"

A handful of squatters' villages and experiments in alternative living are blossoming among the ruins. Fireweed Universe City is a block of funky-colored houses started by a community of anarcho-communists. Another group, Free Detroit, is planning to buy up blocks of city land to be occupied by libertarian enclaves where anything goes, as long as it doesn't violate the group's nonaggression principle.

If these ventures sound idealistic, outrageous, and awesome, they pale in comparison to the scale and ambition of a project conceived by real estate developer Rod Lockwood. He has outlined plans to buy Belle Isle, a 982-acre public island park in the Detroit River, and transform it into an independent commonwealth with its own laws, regulations, and taxes (or lack thereof). Investors would buy the island from the city for $1 billion and then sell lifetime citizenship for $300,000. The extra $1 billion would help the city pay off its debts, and the lax regulations and low taxes would act as a magnet for investment, says Lockwood.

Last Edited by s. d. butler on 06/19/2017 12:31 AM

Sell your shit while it has value and MOVE!!

Spot on. Different place 100 years ago. Everything you can imagine was crafted here. Real people showed up to do it. Then the Wars and Globalism came and feasted on the fat. Nothing left but the children of rats and followers now. I saw a bumper sticker in a rear window of a vehicle at a park fieldhouse near the lake last Sunday that said THIS MACHINE KILLS FASCISTS. Family Subaru wagon type of car. Kids everywhere in the area. The hubris in some of those neighborhoods is beyond reproach. They need a wake-up call.

Property taxes are going up on average 10% in the City of Chicago this year.

I think the Court has kindly determined what the no. 1 priority is - and wasn't that repayment of debt? I'm sure paying banks would feature as a higher priority than essential services.