This piece comes via Chicago. Another moonbat stronghold. Chicago residents owe some 65 grand just in local taxes. That ain't the state share, or the Fed's 125k share- this is just local taxes...Cook taxpayers owe $108 billion, county Treasurer Pappas says: Greg Hinz Posted by Ann W. at 6/21/2011 9:44 AM CDT on Chicago Business The average Chicago household now owes a staggering $63,525 to cover local government debt, according to Cook County Treasurer Maria Pappas. Suburbanites are deeply in the red, too, with the average household owing $32,901, according to the treasurer. Among the biggest reasons: $25 billion in unfunded pension liability. In comments after an appearance Tuesday before the Civic Federation, a watchdog group that has released somewhat similar numbers in recent years, Ms. Pappas said she was "stunned" to learn that county taxpayers on the whole owe more than $108 billion toward local debt. (The total may be even worse. Click here for an update.) Read more: http://www.chicagobusiness.com/section/blogs?blogID=greg-hinz&plckController=Blog&plckBlogPage=BlogViewPost&uid=1daca073-2eab-468e-9f19-ec177090a35c&plckPostId=Blog:1daca073-2eab-468e-9f19-ec177090a35cPost:73061b12-c71d-45b0-aad9-130e57727e64&plckScript=blogScript&plckElementId=blogDest#ixzz1Q4HOB5nR Stay on top of Chicago business with our free daily e-newsletters
I guess the big question is... Are they just going to bleed us to death for years or buck up and claim bankruptcy quickly...save us the slow death?
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