Showing posts with label illinois. Show all posts
Showing posts with label illinois. Show all posts

Wednesday, August 5, 2026

The Race To Bankruptcy Court: A Local View Of Why Seattle Is A Strong Contender To Win The Race

Let’s take a brief break from our run of posts regarding the massive corruption and fraud in government programs along with our political class insanity thread and return to one of the hottest topics we have been covering over the past few years, coverage that has intensified recently: which major city or state government will get to bankruptcy court first?

Our primary cities in the race to bankruptcy include New York City, Chicago, Los Angeles, San Francisco, and newcomer, Seattle. The state governments that we think are soon heading into bankruptcy include New York, New Jersey, Illinois, and California with Washington state a newcomer to the race.

The reason for returning to this topic in the midst of our corruption series is because there have been some significant developments in the race to bankruptcy court. However, before reviewing the latest news and seeing which state or city is making the best progress towards government bankruptcy, let’s review how these cities and states got themselves into this financial death spiral position to begin with:

  • A government entity keeps expanding its budget, eventually putting pressure on the tax revenue stream it receives. 
  • At some point, rather than cut government spending or make its programs more efficient financially, the politicians in charge raise taxes to meet the ever growing government expenditures.
  • The raising of taxes causes some residents and businesses to leave the city or state for less tax burdensome areas, reducing the tax base and reducing the revenue stream.
  • Rather than cut expenses and become more efficient to match the reduced tax revenue stream, politicians in the above cities or states raise the tax burden even more.
  • This causes more residents and businesses to flee the city or state, further reducing the tax base and tax revenue stream.
  • At some point politicians panic and raise taxes more and start cutting vital government services (e.g. police, fire, education) in order to try and balance government spending against the shrinking tax base and revenue stream.
  • The reduction in quality of government services in particular and quality of life in general drives more residents and businesses out of the area.
  • Eventually, the expenses, costs and financial liabilities outstrip the reduced tax stream and bankruptcy occurs.
Okay that’s the process. Rather than do a general review of the  different  states and  cities entering or already in  their financial death  spiral as we usually do, today we will  do something a little different.

We have permission  from the Future 42 folks to copy and republish a recent piece they did regarding the troubles going on in Seattle.  As readers of  this blog know, Seattle was not in our original list of cities likely to go bankrupt pretty soon.  However,  long term trends and the mistakes being  made by the current  mayor, Katie Wilson,  have  propelled Seattle into the middle of the bankruptcy race.

Since the Future 42 folks are local to the Seattle area, they have a much  better picture and vibe on what the troubles are in the  city and  thus, our request to publish their views here. The article we are republishing here can be accessed directly at their website at the following link:

https://future42.org/is-mayor-wilson-actually-capable-of-leading-seattle/

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Is Mayor Wilson actually capable of leading Seattle?'
A Future 42 Special Article

The long-beloved Bite of Seattle festival beneath the Space Needle became the scene of a deadly shootout Sunday evening, leaving three people dead and four others wounded, including a 2-year-old boy.

Seattle police believe multiple people exchanged gunfire outside the Seattle Center Armory during the event. A 15-year-old was quickly taken into custody, but investigators continued searching for another person believed to have opened fire before fleeing the scene.

At a moment like that, Seattle residents needed clear and immediate information.

They needed to know what happened. They needed to know whether another shooter was loose. They needed to know what city officials were doing to protect the public and how witnesses could help police find the person responsible.

Instead, they waited nearly five hours for a public briefing.

As Change Washington detailed earlier this week, Seattle Mayor Katie Wilson initially released a statement claiming that two people were in custody. She updated it without an announcement, after media had already begun disseminating the inaccurate information.

When city leaders finally appeared before reporters around 11 p.m., Seattle Police Assistant Chief Tyrone Davis confirmed that only one suspected shooter had been detained and another person had fled the scene.

For nearly five hours, families who had scattered from Seattle Center did not know that someone believed to have opened fire in the middle of a crowded public gathering had escaped.

That delay also cost investigators critical time. Witnesses had fled in every direction. Many had recorded videos, seen the shooters or observed what happened immediately before the gunfire began. Yet the public request for information did not come until hours later, when memories were fading, and potential witnesses had already returned home.

Police regularly provide preliminary briefings during major emergencies for exactly this reason. Officials do not need every detail before telling the public what is known, what remains unknown and how people can help.

Seattle’s leaders chose not to do that.

The initial explanation was that officials were waiting for “dignitaries” to arrive before beginning the press conference. But newly released records obtained by The Center Square appear to undermine that excuse.

According to The Center Square, text messages between Wilson and Gov. Bob Ferguson show the governor was nearby but was not told to come to the Seattle Center until after 10 p.m. Ferguson’s office also stated that the governor did not ask Wilson to postpone the briefing. Crucially, the phone records were NOT released. It’s imperative to know what other conversations may or may not have occurred between leaders that weren’t in writing. Citizens should demand full transparency from the “dignitaries” who upheld getting crucial information out.

Wilson has denied delaying the press conference to accommodate political officials. Yet a Seattle Police Department source told FOX 13 that police leadership was prepared to brief the public hours earlier and was asked by the mayor’s office to wait.

Someone made the decision to keep police from speaking.

Katie Wilson is the mayor. Responsibility ultimately rests with her.

Seattle Police Chief Shon Barnes has now been fired, according to multiple reports. Barnes was attending the National Organization of Black Law Enforcement Executives in Dallas when the shooting occurred and had faced mounting questions about how frequently he traveled outside Seattle while his family reportedly continued to live in Chicago. He then abruptly canceled a scheduled Wednesday interview about his travel and the department’s response.

Wilson was right to hold Barnes accountable. But firing the police chief does not absolve the mayor or explain why Seattle residents were kept in the dark for nearly five hours.

Law-enforcement leaders who were in Seattle were reportedly prepared to brief the public much earlier in the evening. They were not allowed to do so. Barnes may bear responsibility for being absent during a deadly crisis, but he was not the person who reportedly prevented the officers on the scene from communicating with the public.

That decision leads directly back to the mayor’s office.

Wilson cannot fire her police chief and expect Seattle residents to conclude that the city’s leadership failure has been resolved. Barnes was responsible for the police department, but Katie Wilson is responsible for the city government—including the people who reportedly instructed police to remain silent while a suspected shooter was still at large.

Most importantly, can residents of Seattle have faith in Mayor Wilson to choose a reliable, competent, and focused successor (preferably one who will reside in the city full time)?

Before becoming mayor, Katie Wilson had never run anything remotely comparable to the City of Seattle.

Her primary management experience was leading the Transit Riders Union, a small but politically effective advocacy organization with approximately $198,000 in annual revenue and only a handful of employees. She had never held public office, managed a government department, overseen a major institution or been responsible for emergency operations.

Seattle voters elevated her directly from community organizing to responsibility for a city government with approximately $8.9 billion in annual appropriations and thousands of employees.

Running an advocacy campaign is not the same as running a city.

Advocates pressure other people to make decisions. Mayors must make those decisions themselves. They must manage professional staff, coordinate departments, balance competing priorities and provide command during emergencies.

The warning signs appeared almost immediately:

* Her first major drug-policy action created immediate controversy.
* Her State of the City revealed an administration still developing basic plans.
* She acknowledged the homelessness strategy was failing but continued much of it.
* She avoided questions at the rollout of her own signature policy.
* She offered no convincing police-staffing or crime-reduction agenda.
* She sought to expand tiny-house villages without resolving serious questions about conditions inside them.
* She cleaned up encampments in tourist areas ahead of the World Cup while allowing residents in other neighborhoods to continue living with the same disorder.

Any one of these failures might be dismissed as the mistake of a new administration.

Taken together, they reveal something much more serious.

Katie Wilson entered office without the executive experience necessary to manage a city facing severe public-safety, homelessness, addiction and financial challenges. Since taking office, she has shown little evidence that she is growing into the responsibility.

The handling of the Bite of Seattle tragedy suggests things are getting worse when they desperately need to get better.

Three people were killed in one of Seattle’s most prominent public spaces. Another suspected shooter escaped. Police were reportedly prepared to speak, yet the public briefing was delayed for hours. The mayor’s office issued incorrect information, offered shifting explanations and failed to quickly enlist the public’s help.

This was not a disagreement over ideology. It was a fundamental failure of executive leadership during an emergency.

Wilson asked Seattle residents to judge her administration “first and foremost” on homelessness and public safety.

They should take her at her word.

On homelessness, Wilson has acknowledged failure without demonstrating a meaningful change in direction. On public safety, she has failed to present a convincing strategy and then presided over a communications breakdown that withheld critical information while a suspected shooter remained at large.

Her lack of judgment and command is more than merely embarrassing. It is putting the safety of Seattle residents and anyone visiting the city at risk.

The question is not whether Katie Wilson needs more time to grow into the job. Seattle cannot serve as an internship for an unprepared mayor.

Wilson has demonstrated that she lacks the experience, preparation and decision-making ability the office requires. The deadly confusion after the Bite of Seattle shooting should be the final warning.

Seattle needs a mayor who is ready to lead now, not one who is still learning how.

Maybe it’s time for Seattle to say, “like…bye” to Katie Wilson as Mayor.

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For a city in financially bad shape, having almost a half a billion  dollars budget shortfall in the next three years,  and being led by a woman  who has no substantial  administrative, executive or political  smarts and experience  as outlined by Future 42, with businesses and residents fleeing the city and taking their tax dollars with them,  Seattle is  now firmly in place to be the next American  city to win the race  to bankruptcy  court.

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If you agree that we need to deseat every member of Congress for their lack of success and accomplishment, then please consider going to the following petition link to help the cause:


https://www.change.org/p/deseat-congress-reset-freedom



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Our book, "Love My Country, Loathe My Government - Fifty First Steps To Restoring Our Freedom And Destroying The American Political Class" is now available at:


Thursday, July 30, 2026

The Race To Bankruptcy Court: Florida Gets It, California Does Not Get It, The Tweet That Started It All and More

 Let’s take a brief break  from  our run  of posts regarding the massive corruption  and fraud in government  programs along  with our political class insanity thread  and return to one of the hottest topics we have been covering over the past few years, coverage that has intensified recently: which major city or state government will get to bankruptcy court first? 

Our primary cities in the race to bankruptcy include New York City, Chicago, Los Angeles, San Francisco, and newcomer, Seattle. The state governments that we think are soon heading into bankruptcy include New York, New Jersey, Illinois, and California with Washington state a newcomer to the race.

The reason for returning to this topic in the midst of our corruption series is because there have  been some significant developments in the race to bankruptcy court. However, before reviewing the latest news and seeing which state or city is making the best progress towards government bankruptcy, let’s review how these cities and states got themselves into this financial death spiral position to begin with:


  • A government entity keeps expanding its budget, eventually putting pressure on the tax revenue stream it receives.

  • At some point, rather than cut government spending or make its programs more efficient financially, the politicians in charge raise taxes to meet the ever growing government expenditures.

  • The raising of taxes causes some residents and businesses to leave the city or state for less tax burdensome areas, reducing the tax base and reducing the revenue stream.

  • Rather than cut expenses and become more efficient to match the reduced tax revenue stream, politicians in the above cities or states raise the tax burden even more.

  • This causes more residents and businesses to flee the city or state, further reducing the tax base and tax revenue stream.

  • At some point politicians panic and raise taxes more and start cutting vital government services (e.g. police, fire, education) in order to try and balance government spending against the shrinking tax base and revenue stream.

  • The reduction in quality of government services in particular and quality of life in general drives more residents and businesses out of the area.

  • Eventually, the expenses, costs and financial liabilities outstrip the reduced tax stream and bankruptcy occurs.


Okay that’s the process, now lets check the progress some of the above listed government entities are making to achieve this bankruptcy goal against this process:


1)The  cities  and states  that are likely to go bankrupt soon all share some  common problems: high taxes, high crime rates, high  gas and utility rates, lower and lower quality of life, major homelessness problems, etc.  As a result, residents and businesses are not stupid, they will go to areas where these  listed problems are lower, minimized or  do not exist.


Those fleeing  residents and businesses head for states like Florida, Texas, South Carolina, Tennessee and a few  others to escape the oppression  in the state and cities heading for bankruptcy. And the latest numbers starkly show what is happening, highlighting the difference  from a state that is thriving (Florida)  and a state that is self destructing (California):


  • California lost 229,000 residents in  2025 alone.

  • The city  of Los Angeles, a prime city candidate to go bankrupt,  lost a  whopping  54,000 residents in  2025.

  • While this out migration  has significantly reduced  economic growth  in California, the  state economy of Florida just hit $1.8 TRILLION.

  • That is a whopping, unheard of  6.3% annual economic growth in one year.

  • This $1.8 TRILLION  pushed the  state economy past the size of  the entire Australia economy and the entire Mexican economy, making it the 14th biggest economy in the  world.

  • The current set of politicians running Florida have successfully cut taxes, paid down  government debt, managed quality of life  problems  and as  a  result,  the state has boomed with economic growth and  population growth.

  • These state politicians delivered almost $10 billion  in  tax relief for Florida residents since 2019 and paid down 50% of the state government  debt that had  accumulated since statehood.

  • Thus, the outstanding  government  debt for Florida is less than $1,000  per  resident while states like California and New York, prime bankruptcy  candidates, have  per  capita  debt  in the thousands and  thousands  of  dollars.

  • Florida has a $3.8 billion  budget surplus heading into  2027.

  • The current  governor, Ron  DeSantis, has  gotten a property tax initiative  on the  November ballot that if approved, could eliminate property taxes  for  millions  of  Florida homeowners (excluding school property taxes.)

  • Florida leads the nation in new business startups and manufacturing job growth.

But it is not just California that looks pathetic from  a financial, debt and tax burden perspective relative to states like Florida:

  • New York state has lost 800,000  residents  over the past four years. 

  • Many, many of them  high  earning and high tax  paying residents.

  • Illinois ranks 48th nationally in domestic out migration, ahead  of  only, who else,  California and New York, relative  to residents fleeing.

  • And while businesses  large  and  small have been  fleeing states like California, New York and Illinois, in  2025 alone,  698,000 businesses  set up  shop in the  state of Florida.

  • New York state  lost $111 billion in  adjusted gross  income, income  loss that could no  longer be taxed, from out-migration of  residents and businesses between 2011 and 2021.

  • Illinois and Chicago have  unfunded government pensions liabilities that  credit rating  agencies have  ranked them the  worst in  the nation  and as a result, city actuaries,  smart people when  it comes to numbers, predict that Chicago will go bankrupt in about 5-7 years.


We have  been discussing  the  financial death spiral process for a long time, as outlined above. That death spiral theory and discussion is no longer just a theory: the states and cities  that we initially predicted would enter into  financial death  spirals,  given the incompetence of their city and state politicians, are now in full effect and likely  unable to be stopped before bankruptcy.


2)Gavin  Newsom  has been  the  California governor for the  past seven years. During that time, crime is up, homelessness is up, housing  costs are up, utilities and gas  prices are up, taxes are still sky high, and the  state budget has exploded but resolved none of the major problems facing  California  residents.


As a result  of how incompetent he is and the politicians around  him are:


  •  Only 11% of  California families can afford  a median priced home  in Los Angeles. 

  • Hundreds  of thousands  of residents  are leaving the state every year to find more  affordable housing and  thus, a better quality of life.  

  • Four of the  country’s five most expensive housing markets  are in California.

  • California is also home  to about 25% of the  country's homeless population while only  having 11.5% of the  nation’s citizens.


Pathetic governance from  a pathetic and vain governor.


3)A little  bit  of history  to show when the  actual decline  and out migration  from California actually started …. and it was not the fault of  Newsom:


  • Elon Musk is a very smart man. 

  • The creator of  Tesla and Space X, two major  engineering and high tech businesses, has  created new technologies, new profitable companies and wealth  for himself and many, many others while creating  desired products and services for the country.

  • At one point  in time,  his businesses were  located in California.

  • In June, his  Space  X company went public,  and the offer brought  in  a  whopping $75 billion, the largest amount of money ever for an initial offering.

  • Not only did  Musk  get even richer, but  employees  of his Space  X  business who were allowed to share in the benefits of the IPO  became millionaires overnight.

  • And these folks were not  just high paid executives, they included many blue collar workers of his  Sapce X endeavor.

  • Unfortunately,  the state  of California will never benefit  from  taxing these  new millionaires  and Musk's incremental wealth due to a single, three  word  tweet from six years  ago.

  • Six years ago, Musk was not happy that California  politicians had  shut  down  the state in the face of Covid and  idled his Tesla factories, leading him to threaten  to pull his business, his employees, their economic impact, and tax dollars out of the state.  

  • Apparently, rather than work with him or try to convince  him the shutdown  was right, a state politician, Lorenza Gonzalez Fletcher,  issued the epic three word tweet, “F*ck Elon Musk.”

  • As a very smart man, Musk took the message and ran with it, moving  company operations out of California and making sure his subsequent business  dealings  were not with the state of California.

  • With  his exit from the  state,  tax revenue was lost from both his  existing businesses and new businesses, economic activity from newly crowned millionaires  from Space X happened outside the state of  California, and the disdain that a  state politician had  for business and income  generation  probably had a  chilling  effect  outside of Musk’s realm, affecting other  businesses, further  depressing state tax revenue.

  • And do not think  that this  ridiculous, inane tweet was not understood by Musk,  given  his  simple response: “Message  received.”

  • “This single tweet cost California hundreds of billions of dollars in taxes, revenue, and jobs,” investment banker and author John LeFevre wrote. 

  • Mr. LeFevre  estimates  that this single idicotic tweet cost the state of California $100 billion in tax revenue  over the past six years.


Still no cure for stupid. The market creates  wealth and  thus, taxes. Governments  and politicians  do not  create wealth and taxes. Thus, to continually insult and over tax  and over regulate the very entities that create the government's revenue stream is the  height  of stupidity. And as a result  of Californians continually electing  such  incompetence, the  state  and  a few of its cities are heading  for bankruptcy, a direction  helped along  by a  profane three word tweet.


4)We can talk  about  over taxation, over business  regulation, high  taxes  and cost  of living, high crime and homelessness rates, and other  factors that coldly point  to  the reality that a major  city or state  will  soon go bankrupt  as residents and  businesses along  with their  tax  revenue  and  economic power flee.  This  reality will make for those left behind  very sad, vulnerable, and poorer which is  vry unfortunate.


But to  take  a brutal,  reality look at what we have been talking about statistically,  go  to the following link and hit  the  video in the middle of the article: it kind of  sums up the reality of what a  declining state government  and  declining city government actually look  like  from a  visual, non-statistical, satirical  perspective:


https://redrightnewsfeed.com/new-viral-video-depicts-californias-state-of-decay


That will  do it for  today: Florida gets it, California does not get it, a California politician likely started the whole California  state government death spiral situation, and satire and reality align  with  the listed video.


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If you agree that we need to deseat every member of Congress for their lack of success and accomplishment, then please consider going to the following petition link to help the cause:


https://www.change.org/p/deseat-congress-reset-freedom



**********************


Our book, "Love My Country, Loathe My Government - Fifty First Steps To Restoring Our Freedom And Destroying The American Political Class" is now available at: