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

Multitude of local authorities soak Illinois homeowners in taxes

Mary Beth Jachec lives in a three-bedroom house in Wauconda, a village of 14,000 in Illinois, 45 miles northwest of Chicago. Her semi-detached brick home is unassuming. Her tax bills are not.

The 53-year-old insurance manager gets a real estate tax bill for 20 different local government authorities and a total payout of about $7,000 in 2014. They include the Village of Wauconda, the Wauconda Park District, the Township of Wauconda, the Forest Preserve, the Wauconda Area Public Library District, and the Wauconda Fire Protection District.

Then there is Wauconda Road and Bridge, not to be confused with Road and Bridge, Wauconda Gravel, or with Wauconda Special Road Improvement and Gravel unit – all three of which have imposed separate taxes on her and the village’s other homeowners.

Read more by Tim Reid and Selam Gebrekidan at Reuters.com

Move to Wisconsin instead!

Chicago to Tax Streaming Movies and Music

Perhaps it is a sign of the popularity of streaming that a city wants to tax the subscription fees of Netflix, Hulu, Spotify, and other services. Chicago is desperately trying to raise revenue for the city by tapping into a steady “stream” of income. Starting Sept 1, anyone who wants to stream video or music from online will have to pay more.

Read more by Barb Gonzalez at SoundAndVision.com

Move to Wisconsin instead!