How is Chicago a thing?

Jonathan Turley: "A Bill Comes Due: Chicago’s Johnson and Teacher’s Union Lose Fight for Loan to Sustain Bloated Budget."

In the meantime, Chicago is now facing a $1.15 billion shortfall and Johnson is calling for increasing taxes on the wealthy and businesses despite the fact that Chicago is losing both businesses and residents. The incoming citizens are largely immigrants, including undocumented immigrants, in the sanctuary city. That has driven expenditures even higher for the city while it loses businesses and residents needed for its tax base.

As a Chicagoan, I have no illusions about the city politics. There has never been reasonable fiscal policies in the city in my lifetime. However, Johnson has moved from the dismissive to delusional in ignoring the economic realities growing in the city.

I don't understand how these cities are allowed to rack up so much debt and push their bond rating into junk status.  There is never a plan for fiscal sanity - just more borrowing. 

The exodus from this madness is real.