My observation is that Chicago & Cook County are responsible for most of the mess. A good 40 years over overspending has come due. The cities property taxes are all ready so high that owning a home in the city is a questionable idea. Police are giving out parking & driving tickets at a record rate in a desperate but futile attempt to stem the tide, but I think it's too little-too late.
Short of bankruptcy . I'm not seeing a solution.
On the up side if the price of the bonds falls low enough, they might be worth picking up on the off chance that the Democrats will retake the House of Representatives & bail them out. Making a score would lessen my depression of the Democrats having the House.
