CatholicVote.org happens to be headquartered in Chicago, the windy city and the home of President Obama. In fact, the billion dollar re-election campaign offices for President Obama are just a few blocks away from our own. Living and working here, we have grown accustomed to the “Chicago way.”
We are surrounded by the stories of blatant crony capitalism, phony community organizing, and public sector kick backs. Rarely does a week go by without another news story exposing a public sector employee collecting multiple pensions totaling $300,000 a year or more. Seriously. Our last Republican governor is in jail, and our last Democrat governor is about to follow him. It’s simply maddening.
To pay for these political games, the state has run up a massive debt on a per capita basis that is worse than any other state in the union. The cost of this debt is ballooning, businesses are fleeing, and many predict the state is on the verge of a financial collapse.
So how else do you finance the millionaire politician re-elections, unsustainable public sector employee entitlements, and crony capitalism? You raise taxes of course. But whose taxes? Earlier this year the state passed the largest income tax increase in history. We were told it would finally put us back on the path to solvency. But surprise! The fiscal crisis is worsening.
Our ABC news affiliate ran the story below last night. Watching it I realized that for all the talk about the 1% needing to pay their fair share, the problems of over spending, government debt, and insider political games inevitably hurt the lower and middle classes the most. Raising taxes on the rich has been done here. Sure, they could raise them more, but doing so risks more citizens and businesses leaving the state. Illinois business icons like Caterpillar and Sears are threatening to leave, while countless smaller business have already left.
I challenge you to watch the news story below and ask yourself who is getting hurting the most by the government system in Illinois. This state of affairs, I’m afraid, is where the entire country is headed unless we change course soon. Sadly the “Chicago way” is all too quickly becoming the American way.