“Investors better pick their municipal bonds carefully, because some major hits are on the way.”
After the GM debacle where Obama unilaterally broke 200 years of law and picked the Union as the winner, I’m astonished there IS a bond market.
The can kicking is about to end.
The road is ending - in a dead end.
I await the rape of the productive sectors Nationally to pay for the total failures of liberal lunacy.
Its coming. Hide your wallets.
I bet you dollars to donuts Kansas City is on the same path
I’m from Chicago. The city is definitely in a transition. On the plus side, despite what the media says, murders are down to the lowest level since the early 60s.
Chicago, like Detroit will not change. They will go to bankruptcy kicking and screaming all the way, while the city denigrates further. Obama or his successor will bail them out and the cycle will continue.
My mom had a part time job for a number of years in Chicago, working at a Senior Center, administering a meals program. When she retired her pension checks were SIGNIFICANTLY larger then her pay had been when working. In addition to a health plan that was zero cost and payed 100% for prescription drugs.
Move over Detroit....