ZERO HEDGE
Which American Cities Will File Bankruptcy Next?
by Tyler Durden
October 6, 2017

…Luckily, for those looking to escape the trauma of being taxed into oblivion by their failing cities/counties/states, JP Morgan has provided a comprehensive guide on which municipalities haven’t the slightest hope of surviving their multi-decade debt binge and lavish public pension awards. If you live in any of the ‘red’ cities below, it just might be time to start looking for another home…The results are staggering.  To our great ‘shock’, Chicago residents win the award of “most screwed” with over 60% of their tax dollars going to fund debt and pension payments.  Meanwhile, there are a dozen municipalities where over 50% of their annual budgets are used just to fund the maintenance cost of past expenditures. READ MORE

MHUDACK.COM San Francisco: now with more dystopia

CHICAGO TRIBUNE Welcome to the dysfunction of Illinois government