[Dilbert San Diego]

I heard Chicago has messed up finances.

I heard that they somehow borrowed against projected parking meter income for the next 75 years. 75 years. And that they went through all that money in about 3 years.

I also heard that pension obligations are going to cripple the city finances in the not too distant future.

I’m glad of one thing. Whatever happens cannot be blamed on Republicans or conservatives. Democrats have run that place for generations. Whatever problems Chicago has must be blamed on the Democrats who have been in charge.

[upchuck]

Chicago is screwed. Only a matter of time. You’d think they’d try to be proactive.

I read a long article recently that went into all the details of Chicago and its debt. They are very creative in financing. But the sh!t will soon hit the wall.