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1 posted on 06/20/2017 7:22:43 AM PDT by george76
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To: george76

How are they going to pay back the loan?


2 posted on 06/20/2017 7:25:03 AM PDT by The Louiswu (Yes, I am voted for Donald Trump.)
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To: george76

first one is free. next one is 5 bucks.

What happens when the next payment is due ?


3 posted on 06/20/2017 7:25:29 AM PDT by stylin19a
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To: george76

Interest Rate - Schminterest Rate.....if they have no intention of paying it back.


4 posted on 06/20/2017 7:26:22 AM PDT by Tucker39 (Known as the Father of modern agriculture)
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To: george76

What a rabbitt hole ! Someone other than them is backing that - no chance anyone lends into that bankruptcy in progress at 6 and change.


5 posted on 06/20/2017 7:27:05 AM PDT by major-pelham
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To: george76

Yet the MASSIVE CORRUPTION that has poisoned Chicago for DECADES goes UNnoticed.

Meanwhile, the MSM continues to masturbate at the fiction of Trump “obstructing justice” and “colluding with Russia”


6 posted on 06/20/2017 7:27:10 AM PDT by A_Former_Democrat (pr"Liberalism is a mental disorder" On FULL Display NOW! BOYCOTT Mexico nba NFL PepsiCO Kellogg's)
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To: george76

>>CPS officials secured the $275 million on Monday from J.P. Morgan. It’s the final chunk of cash needed to make the $721 million payment for teacher pensions that’s due at the end of the month
>>An additional $112 million that’s needed to fund district operations will be borrowed separately.

Operating costs are $112 million and pensions are $721 million ?!? 6.44 times as much? And they’re borrowing 46.5% of their total expenses each month? Yeah, that’s sustainable financing...


7 posted on 06/20/2017 7:30:33 AM PDT by vikingd00d (chown -R us ~u/base)
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To: george76

Didn’t the Ill annoyed Supreme tyrants rule the state must pay out the full pensions by law? What a goat cluster copulation of a state.


8 posted on 06/20/2017 7:31:20 AM PDT by tflabo
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To: george76
In one Party states/cities local government is just one huge scam.And that goes double when it's controlled by Rats.

Recently,a local Boston talk host mentioned that an MBTA employee (the MBTA is Boston's regional transit system) retired with a $97,000/yr pension.

That employee,boys and girls,was a friggin bus driver!

I worked for decades at one of the world's most famous hospitals and I know *heart surgeons* with smaller pensions.But of course *they* never belonged to a "public service" union.

11 posted on 06/20/2017 7:33:48 AM PDT by Gay State Conservative (Comey = The Swamp Fighting Back)
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To: george76
Democrat politicians negotiate taxpayer money away as a payoff to public unions for voting democrat.
What the heck - it's not their money.

When the bill comes due the politicians have already got their own generous retirement locked in and don't have to clean up the mess they created.

If the muslims and the globalists don't destroy America the public employees unions are waiting in the wings to do the job for them.

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14 posted on 06/20/2017 7:37:17 AM PDT by Vlad The Inhaler (Best Long Term Prepper Tactic: Beat The Muslim Demographic Tsnami - Have Big Families)
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To: george76

It’s too bad the California Hollowoodies don’t donate all their money to Emanual’s schools instead of buying House seats in Georgia.


15 posted on 06/20/2017 7:38:08 AM PDT by FlingWingFlyer (The Swamp Strikes Back!)
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To: george76

The DEMS are banking on the government owned CHICAGO CASINO that’s in the expanded gambling bill in the ILLINOIS GENERAL ASSEMBLY to bail them out.


16 posted on 06/20/2017 7:38:17 AM PDT by stars & stripes forever (Blessed is the nation whose God is the Lord. Psalm 33:12)
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To: george76

A community organizer should step up and save Chicago.


17 posted on 06/20/2017 7:38:56 AM PDT by bgill (CDC site, "We don't know how people are infected with Ebola.")
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To: george76

J.P. Morgan is imprudent to loan this money, but I’m sure they’re betting on being bailed out when the loan goes south, and it will.


18 posted on 06/20/2017 7:39:30 AM PDT by Flick Lives
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To: george76

$17.5 million debt service without a single principal payment.


20 posted on 06/20/2017 7:40:14 AM PDT by jimfree (My16 y/o granddaughter continues to have more quality exec experience than an 8 year Obama.)
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To: george76
It's just what you do in the hood. Out of cash before the government comes in? Just go to the high interest loan shop on the corner.
23 posted on 06/20/2017 7:42:28 AM PDT by fungoking (Tis a pleasure to live in the 0zarks)
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To: george76

I’m betting the money was delivered cash in a briefcase by a guy named Guido.

Until the loan is paid back, I foresee broken legs, a missing school board member or two, and maybe a horse head in a bed.

The word “vig” comes to mind.


24 posted on 06/20/2017 7:42:52 AM PDT by moovova
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To: george76

The financial issues of Cook and DePage counties in Illinois will result in that state filing for bankruptcy within 18 months. And that increases the possibility that Illinois could be dissolved as a state and revert to Federal territory status until an all-new, totally reformed government is created.


25 posted on 06/20/2017 7:44:21 AM PDT by RayChuang88 (FairTax: America's economic cure)
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To: george76

https://www.youtube.com/watch?v=SAfzUWztJVM


26 posted on 06/20/2017 7:44:56 AM PDT by samtheman (Trump++)
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To: george76
Chicago - and the vile state of Illinois - can DO Stupid because if citizens don't like it the pubahs will stop fixing roads and put the kibosh on fire and police departments.

It's called shaking down gullible citizens... keep voting for democrat fools... ‘cause the rest of us are NOT going to bail your worthless hides on this one. We're gonna watch and laugh.

27 posted on 06/20/2017 7:51:13 AM PDT by GOPJ (James Hodgkinson a Bernie Sanders true believer)kicks off Resistance Summer by shooting Republicans)
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To: george76
Chicago - and the vile state of Illinois - can DO Stupid because if citizens don't like it the pubahs will stop fixing roads and put the kibosh on fire and police departments.

It's called shaking down gullible citizens... keep voting for democrat fools... ‘cause the rest of us are NOT going to bail out your worthless hides on this one. We're gonna watch and laugh.

29 posted on 06/20/2017 7:51:57 AM PDT by GOPJ (James Hodgkinson a Bernie Sanders true believer)kicks off Resistance Summer by shooting Republicans)
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