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.
R Balsamo
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