Tell me more. While I know Chicago is corrupt, taxes are far too high, and the city government is no doubt filled with bloated government employees, at least Chicago has some strong revenue sources that haven’t left town yet — thinking here of the financial industry, the trading and commodities floors, etc.
Is there a chance that some of these are about to bail from the city or the state?
Chicago is racking up debt at an astounding rate with every intention of the feds paying it off. When it doesn’t happen, the city will burn.
As far as Detroit is concerned, most of the lip flapping here at FR is just a childish pissing contest to see who can trash the city the most but they’re about as knowledgeable as Rachael Maddow. Some of us have actually been watching and know what’s going on with business investing in Detroit.