American cities in debt rankings - Guess who's first

Flyn

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Truth in Accounting recently put out a report on the "per-Taxpayer burden" and Chicago tops the list.

Chicago’s combined Taxpayer Burden: $119,110
New York City’s combined Taxpayer Burden: $85,600
Los Angeles’ combined Taxpayer Burden: $56,390
Philadelphia’s combined Taxpayer Burden: $50,120
San Jose’s combined Taxpayer Burden: $43,120
San Diego’s combined Taxpayer Burden: $35,410
Dallas’ combined Taxpayer Burden: $33,490
Houston’s combined Taxpayer Burden: $22,940
San Antonio’s combined Taxpayer Burden: $16,660
Phoenix’s combined Taxpayer Burden: $13,290 ​​​​​​
Forbes reported that the city’s taxpayer burden is attached to unfunded retirement obligations amassed over of a number of years: $39 billion in retirement benefits have been promised; $28 billion in pension and $842.9 million in retiree health care benefits haven’t been funded.
https://www.foxnews.com/politics/cities-drowning-debt-chicago-study

Looks like getting Chicago out of debt will cost every taxpayer almost $120K.
 

VenomousDSG

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Guess what all 10 of those cities have in common too?

I'll give you a hint, it's a party that always thinks they're right, and have the answers for everything.
 

BS ISF

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Legalize pot and tax it correctly!! end of problem!
 

BADAZZTEALCOBRA

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I would agree with that; however, the government is like a normal person...increase the income...increase the spending.

On top of which, taxing it too much means the black market stays around and can actually grow and you have no way to control if it was bought legally or not.



The answers to all of lifes problems isnt just finding a new revenue stream to tax.
 

Ryan02Stang

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We need to legalize sports betting too!

I obviously think solution number 1 should be reducing spend...but it is crazy to not legalize pot and sports betting to increase revenue.
 

BS ISF

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Sports betting and Pot will be huge!! As long as the Crooks in Cook county and Springfield don't steal the majority.
 

Great White Drake

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The only way I see out is a federal bailout from a Democrat president.
 

Marko

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Greedy assholes never learn and don’t care.

Everyone knows why there’s so much debt in the first place.
 

Ryan02Stang

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So it's OK for Republican presidents to bailout private business, but only a Democrat president can bailout a city :s00ls:
Neither is ok...but I don't see a Republican president pushing for the bailout of the Democratic utopia IL has become...
 

jason05gt

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We need to legalize sports betting too!

I obviously think solution number 1 should be reducing spend...but it is crazy to not legalize pot and sports betting to increase revenue.
I agree with taxing both, but that's shuffling the deck chairs of a sinking ship.

Contrary to popular believe, revenue in Illinois keeps increasing. The issue isn't revenue in my opinion, but the cost side. Our State doesn't budget well and pension liability is driving it to near insolvency. Fix the pension issues first!
 

Aircal

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No one will do that because it means political death.
I agree with taxing both, but that's shuffling the deck chairs of a sinking ship.

Contrary to popular believe, revenue in Illinois keeps increasing. The issue isn't revenue in my opinion, but the cost side. Our State doesn't budget well and pension liability is driving it to near insolvency. Fix the pension issues first!
 

Ryan02Stang

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All I want is a local strip club thats full nude and sells "extras", sells alcohol, allows me to smoke pot inside, and lets me place sports bets inside. This place would make so much money off me it would be sick!
 

Marko

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I agree about legalizing pot and prostitution. LOL

But that extra/more money (from those taxes) that comes in will just get wasted. Anyways.

It will cause more inflation. Idk. Lol.
 

Marko

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All I want is a local strip club thats full nude and sells "extras", sells alcohol, allows me to smoke pot inside, and lets me place sports bets inside. This place would make so much money off me it would be sick!
You’ve been to Vegas?

Actually there’s a nearby county where prostitution is legal. Illegal in Vegas but nobody gives a shit. LOL.

It’s really expensive though. So I’ve heard ;)
 

Ryan02Stang

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You’ve been to Vegas?

Actually there’s a nearby county where prostitution is legal. Illegal in Vegas but nobody gives a shit. LOL.

It’s really expensive though. So I’ve heard ;)
Vegas strip clubs aren't full nude!!!
 

Marko

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Vegas strip clubs aren't full nude!!!
Unfortunately

But maybe there’s clubs outside of Vegas. That are

Lol.

Or just order a stripper to your hotel room. For more $$$ though
 

MrDragster1970

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Cut spending, stop enabling welfare whores generation after generation,
stop insane union blackmailing & raping of tax payers, every one works and contributes, even if it's a wash!!!!


.
 

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