We know that Chicago is in dire financial straits from some of the articles leaking out, but the state of Illiniois is also in deep trouble.
As the article points out, the root problem for the state is public sector unions and the kickback connection between those unions and the Democrats (TP). We may hear more of a negative nature about this in the near future as things have gotten so bad that an evil Republican has been elected and is attempting to take some baby steps to curtail the level of union rape of the public purse and the related kickbacks to TPs campaign coffers.
Although a bit longish, the entire article is worth the read -- the perils of cities like NYC in the '80s, Detroit today, and increasingly Chicago, as well as states like CA, NY and IL show us the results of single party TP rule and the direction that the US is strongly headed in.
I'd argue that CA and NY would be in the running for "worst managed", but I'm sure a case can be made for IL
Welcome to government in Illinois, the worst-managed state in the country. The Land of Lincoln is buried under staggering debts, including a projected $6.7 billion operating gap for the next fiscal year and an $111 billion unfunded pension liability. Government unions and politicians engage in legal collusion that fleeces taxpayers. Between 2002 and 2014, 86% of Illinois state lawmakers received union contributions, according to the Illinois Policy Institute.A tiny lift of the curtain of the insidiousness of the effects of unions and the union government connection is provided by this little piece of information that the rules applied to contracts in IL raise the costs 10-20% -- consider that ON TOP of the already higher costs incurred for government contracts (more oversight, more planning, more impact statements, etc) and one gets a bit of a hint as to why our nation now has so much trouble with "infrastructure". Government consistently overspends buying votes with all manner of "subsidies", "grants", "aid to etc, etc", and lets the infrastructure crumble. Then, as the disrepair gets critical they demand more tax income (often gas taxes) in order to pay out yet more money to their supporters in the unions and bureaucracy. A sweet deal to all but the hapless taxpayer.
..., Mr. Rauner wrangled approval for the mansion renovation but was told that the work, even if privately funded, had to follow the state’s prevailing-wage laws, which restrict competitive bidding and can raise costs 20% or more.If the new governor is serious about this we can expect Scott Walker like recall votes, destructive demonstrations and threats of violence in IL like there were in WI.
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