I don't really abide either side of the political spectrum, but I do find this point salient. Chicago's successes, and failures, should come as a result of decisions made in Chicago, and to a lesser degree the whole of Illinois. States being held subject to decisions, outside of a very small set of shared minimal norms, from a completely detached governing body that lives very much in a bubble in D.C. is just quite a peculiar system. Having 2% representation in e.g. the Senate does not, in my opinion, markedly change this. Probably made a lot more sense when we had 13 colonies and a hundredth the national population.
When Warren Buffet says he’s avoiding doing business for the next few decades in certain regions due to the defined benefit pension debt, I would certainly be making sure I have backup options or a way out.
https://www.cnbc.com/2019/02/25/full-transcript-billionaire-...
> if I were relocating into some state that had a huge unfunded pension plan I’m walking into liabilities. ’Cause I mean, who knows whether they’re gonna get it from the corporate income tax or my employees-- you know, with personal income taxes or what. But that-- that liability isn’t gonna-- you can’t ship it offshore or anything like that. And those are big numbers, really big numbers. And they may come--you can delay a long time. I mean, they-- you’re getting pushed maybe somewhat. But the politicians are the ones that really haven’t attacked it in a good many states. And when you see what they would have to do-- I say to myself, “Why do I wanna build a plant there that has to sit there for 30 or 40 years?” ’Cause I’ll be here for the life of the pension-- plan-- and they will come after corporations, they’ll come after individuals. They-- just-- they’re gonna have to raise a lotta money.