Are you seeing this mess? Chicago Mayor Brandon Johnson, a former school teacher turned city boss, wants to borrow $830 million—genius move, right? Except it’s a disaster! Just one day after Chicago’s credit rating hit near-junk status—BBB from Standard & Poor’s—Johnson pitched this bond on February 20, 2025. He claims it’s for infrastructure and capital fixes, but the fine print’s a swamp—broad language lets him funnel cash to “educational or cultural institutions,” like his old pals at the Chicago Teachers Union. CTU’s his former employer, his biggest campaign backer at $2.3 million, and they’re hammering Chicago Public Schools for a fat contract. Are taxpayers blind? This $830 million could balloon to $2 billion in repayments—interest-only for 19 years, then the principal hits, leaving future generations stuck with the tab.
Look sharp—Illinois Comptroller Susana Mendoza’s sounding the alarm, begging the City Council to vote “no” on this debt bomb. “If Johnson insists on pursuing a path leading Chicago over a fiscal cliff, you should choose to avoid that cliff dive,” she said on February 17, 2025. Posts on X are raging—“Johnson’s screwing us for CTU!” (sentiment, inconclusive)—and they’re onto something. Ald. Bill Conway calls it “fiscal insanity”—borrowing $830 million when Chicago’s budget’s ballooned 60% since 2019, from $10.7 billion to $17.1 billion, with no 60% boost in safety, schools, or jobs. Are we watching a city drown in debt while Johnson pads his union buddies? This bond’s a house mortgage on steroids—pay interest for decades, then the real bill smacks future taxpayers, hurting credit ratings, hiking borrowing costs, and gutting services. It’s a rip-off, and it’s spreading nationwide.
It’s not just Chicago! Former California Senator John Moorlach’s warning about school bond measures—voters approving higher property taxes without a clue. “New homeowners are going to find that owning and paying for their homes is going to be very difficult,” he says. These bonds fund school fixes, but they’re loans repaid through property taxes for decades, jacking costs, killing affordability, and spiking foreclosures. California’s sneaky—many don’t realize they’re locked into long-term burdens, making homeownership a nightmare. Are you blind to this trap? It’s like signing a payment plan blind, and Moorlach’s right—once approved, these taxes stick, crushing new buyers while old ones shrug. This isn’t progress; it’s a stealth tax hike, and Chicago’s bond could inspire the same nationwide scam.
Check this out—the risks are piling up! Chicago’s $830 million bond, with $2 billion payback, could tank the city’s finances—credit rating’s already teetering, and X posts are trending—“taxpayers are toast!” (sentiment, inconclusive). Johnson’s CTU ties—$2.3 million in campaign cash, ongoing contract fights—smell like a payoff, while California’s property tax hikes from school bonds hit homeowners hard, per Moorlach’s data. Are Wall Street suits deaf? This could drag Chicago into a fiscal hole, California into a housing crisis, and spread misery across the U.S.—higher taxes, fewer homes, busted budgets. It’s a double whammy, and politicians are betting you won’t notice ‘til it’s too late.
Don’t be the dope stuck with this mess! That $830 million bond, $2 billion payback, CTU favoritism, and California’s hidden tax trap—it’s a warning shot! Sell property, grab gold, cash—anything solid—before this implodes. How long ‘til taxpayers revolt? The wise are boiling—Johnson’s reckless, Moorlach’s sounding off, but you’ve been warned. This could be the financial collapse nobody saw coming, and wallets are already hurting.
Sources: