Chicago is not Detroit, at least not yet. Chicago has a fairly good tax base, and people are not leaving the city in droves, not by a long shot. And Chicago has its beautiful lakefront, and a lot of rich people living in the city. And it is not all black like Detroit, it is a potpourri of multicultural residents. It’s tax base is not shot. You are wrong in your assessment, you don’t live here, and you were rather nasty to boot to someone who gave an accurate assessment of the city. By the way, the State of IL is not junk bond status either.
Illinois has lots of problems, but there are a lot of cities that will fall like a deck of cards before Chicago will. Illinois needs to get rid of all Dem rule and then things will get better. However, the Dems have stacked the deck by district gerrymandering, so it will be difficult to get rid of the infestation of Rats. Chicago is a beautiful city with lots of history, and I hate having the city and the state being given such a black eye by the likes of Obama and his thugs having once lived here. I hope Obama retires back to Hawaii from whence he came, or back to Kenya where he was born.
>> you were rather nasty to boot to someone
Huh? You’re full of yourself. I didn’t “boot” anyone; I told him to back up his claims.
Which he didn’t.
And neither did you.
>> Fitch Ratings lowered Chicago’s debt to A- from AA- last week, making it the second serious downgrade since July.
That’s a FACT. Are you capable of addressing it?
>> The move by Fitch follows a triple downgrade of Chicago’s bond rating by Moody’s Investors in mid-July.
That’s a FACT. you capable of addressing it?
Moody’s cited the city’s “very large and growing” pension liabilities and “significant” debt service payments, among other factors.
That’s a FACT. you capable of addressing it?
>> Democratic governance is a common thread running through America’s urban problems.
That’s a FACT. you capable of addressing it?
>> Chicago’s outstanding debt on general obligation bonds has quadrupled during the past 18 years, reaching $7.2 billion last year.
That’s a FACT. you capable of addressing it?
>> With interest, that amount nearly doubles. The city has more general obligation debt per capita than any of the 10 largest U.S. cities except New York.
That’s a FACT. you capable of addressing it?