Black Chicago Pastor: Dems ‘Failing’ Us

A pastor on the South Side is asking Republicans to talk to his flock after what he says are 50 years of disappointment from the other party.

CHICAGO — It is difficult to imagine a less likely GOP presidential campaign stop than O Block.

After all, it’s the most dangerous stretch of Martin Luther King Jr. Drive in Chicago and one of the toughest territories in the city.

But if Republicans stand a chance of chipping away at Democrats’ dominance over the black vote in this city and elsewhere, it might be something to consider.

“African-Americans have been loyal to the Democratic Party,” Pastor Corey Brooks said. “But there is a group of African-Americans that feel like the Democratic Party has not been loyal to us.”

Read more by at TheDailyBeast.com

Is Bankruptcy for States Illinois’ Answer? A Primer.

Could a formal bankruptcy proceeding for the State of Illinois be the answer to it’s fiscal crisis? If you think that’s out of the question, as many do, you’re wrong. On the contrary, though Congress isn’t working on it now, the option is quite viable, though subject to obstacles and open issues. The question is certain to gain growing national attention as a number of states sink further into insolvency, so it’s time to get up to speed. I have yet to see a single Illinois politician or reporter raise the question, but plenty of others outside the state are talking about it for Illinois. More on that later.

Read more by Mark Glennon at wirepoints.com

Illinoisans Look To “Get Lucky” In Other States After Lottery IOU Debacle

Two weeks ago, Illinois Comptroller Leslie Geissler Munger announced that the state would skip a $560 million pension payment in November thanks to the budget battle in Springfield. The news marked the latest embarrassment in a string of setbacks tied to an increasingly serious financial crisis that was thrust into the national spotlight in May when the State Supreme Court’s decision to strike down a pension reform bid prompted Moody’s to downgrade Chicago to junk.

As we documented back in August, the state is in fact so broke that it’s begun paying lottery winners in IOUs.

Read more at ZeroHedge.com