Gary Krist Quotes
The Illinois Constitution was written before they realized they'd have a city the size of Chicago in the state. The constitution had severe limits on the ability of any city to raise monies through taxes and bonds. When Chicago grew explosively, they had to come up with ways of getting more money to do more things.
Krist, Gary. City of Scoundrels: The 12 Days of Panic That Shook the Nation. Crown Publishers, 2012.
Although the Professor was often right about this technique, at the time he made this statement, the Clinton administration was actually cutting spending and using much of the revenue to pay for the deficit—just the opposite of what the Professor was worried about. It was successful and the deficit was eliminated and surpluses were projected. However the succeeding administration more closely followed the professor’s pattern and increased spending enormously for serious needs, but also cut taxes, so that we went during the Bush administration from the largest projected surplus in American history to the greatest deficit in American history.
See {619116}. for a related idea of his.
Gary Michael Krist (born 1957) is an American writer of fiction, nonfiction, travel journalism, and literary criticism. Before turning to narrative nonfiction with The White Cascade (2007), a book about the 1910 Wellington avalanche, City of Scoundrels (2012), about Chicago's tragic summer of 1919, and Empire of Sin (2014), about the reform wars in turn-of-the-century New Orleans, Krist wrote three novels--Bad Chemistry (1998), Chaos Theory (2000), and Extravagance (2002). He has also written two short story collections--The Garden State (1988) and Bone by Bone (1994). His latest book is The Mirage Factory: Illusion, Imagination, and the Invention of Los Angeles (2018).
