Chi-Town Meltdown: Chicago Ramps Up Taxes and Debt in Familiar Death Spiral

Chi-Town Meltdown: Chicago Ramps Up Taxes and Debt in Familiar Death Spiral

As a Chicago native, I have watched my home city unravel under the policies of Mayor Brandon Johnson and the ultra-left city council. Controlled by groups like the teachers’ union, the city has continued to spend lavishly on progressive causes and bloated pension funds while destroying its own economy. The city has a more than $1 billion budget gap, with a roughly $150 million deficit. Roughly, two-fifths of the budget is now going toward debt s…