First, the Illinois Supreme Court today declared unconstitutional, under the state constitution, a plan by the desperate Chicago Democrat mayor to reduce some public employee pension payments. The major driver of Chicago’s financial disaster is the massive annual payment required to fund the current pension plan for retired and active employees. The mayor’s plan runs afoul of the public employees pension protection provision of the Illinois constitution, says the high court, a provision snuck in by Democrats when the state constitution was rewritten in 1970. Now those generous pensions – far better than those in the private sector, aggrandized by various abuses such as the notorious and common practices of “pension spiking” and “double dipping,” and underfunded for years by the Democrats themselves who spent the money on other stuff for themselves – have bankrupted the city (as well as the state and many of its cities and other units of government). To raise cash, Chicago Democrats last year enacted a massive property tax hike, and after today more such increases are likely to follow as the Democrat takers squeeze more and more cash from the producers. But a greedy parasite that kills the host off which it lives ultimately causes its own death as well. Chicago and Illinois Democrats have been doing that in slow motion, having learned nothing from the smoldering ruins of the Democrat Party paradise of Detroit.
Second news item – the top headline today at the website of the now ultraliberal, Democrat-friendly Chicago Tribune: “Chicago area sees greatest population loss of any major U.S. city, region in 2015.” Just one more piece of evidence that Democrats have yet to realize that many tax-paying citizens and businesses can simply move away when they have had enough. More and more workers are work-at-home and thus can live anywhere, and retirees can also pack up and leave for states with less corruption and lower taxes. And all that is happening.
The lesson that Democrat takers have yet to learn is that they must control their greed and corruption, since the producers, the people who work to support them in their corrupt excesses, can move away, and a city left with only Democrats trying to live off each other soon collapses.