I think the state has some serious problems. Just look at the layoffs going on across the state, not just in Chicago. It affects the middle class. It pushes people down.
Sentiment: NEGATIVE
I believe the way I describe the problems in Chicago is that it's a metropolitan area. I've said that everywhere. The uneducated child is not just my problem, it's the state's problem. It's also the federal government's problem.
It has to be because unemployment problems in northwest Indiana are similar to those in southeast Chicago.
Chicago seems to follow New York, and coming from New York and being in real estate, I worry about things happening in Chicago that have happened in New York. I've seen a great city like New York go downhill. It has a wonderful financial downtown, but the rest of the city is not very nice.
Overhead costs are far too high, state support is dropping, and college tuition is far too expensive. Colleges are pricing themselves out of existence.
History shows that it's not smart for states to pay more to get jobs; you just get into the race to the bottom.
Chicago is the product of modern capitalism, and, like other great commercial centers, is unfit for human habitation.
In Indiana, which has been hard hit by manufacturing losses, job declines, and shrinking wages, Governor Pence combined tax cuts with spending restraint to spur the Hoosier economy.
Working lives are for the state to influence. Unemployment makes people unhappy. So does instability.
State governments generate less revenue in a recession. As state leaders struggle to make up for lost revenue, legislatures tend to cut funding for higher education. Colleges, in turn, answer these funding cuts with tuition hikes.
Let me tell you the story about Massachusetts under Governor Romney. It did fall to 47th out of 50 in jobs creation. Wages went down when they were going up in the rest of the country. He left his successor with debt and a deficit, and manufacturing jobs left that state at twice the rate as the rest of the country.
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