Posted on 03/29/2016 7:48:08 AM PDT by C19fan
Chicago's credit rating has been downgraded to one step above junk grade by Fitch Ratings after the Illinois Supreme Court struck down Mayor Rahm Emanuel's reform plan for two city pensions.
Fitch lowered Chicago's rating from BBB+ to BBB- on Monday, increasing the cost of borrowing.
(Excerpt) Read more at cbsnews.com ...
They need to elect more Democrats.
WTG Rahm Emmanuel! Riding the city's bond rating right into the sewer!
Plus mor munnie for publik skcool teechars.
/sarc
When the LINK cards stop working the entertainment will be epic.
L
Every INFORMED and INTELLIGENT voter in this state (Illinois) knows that the budget mess in this state won't be fixed until the Illinois State Legislature finally moves to amend the Illinois State Constitution and removes the language from it that guarantees full pension payments to government workers by preventing the legislature, governor and local municipalities and townships from reducing their benefits.
Passing and signing legislation into law only to have the Illinois Supreme Court strike it down as un-Constitutional is nothing but window dressing. The politicians in this state are so beholden to the public sector unions that they will do NOTHING to actually "fix" this problem.
It will also make for a target rich environment while the moochers and looters get shot.
For those in the know: What is a LINK card?
Well, whatever issues Chicago deals with, no way they can blame a Republican. Democrats have run Chicago for generations. Same is true of many other cities. When every elected official is a Democrat, we know which political party to blame when problems arise.
Google is your friend:
“Anyone approved to receive cash assistance or SNAP (Food Stamps) benefits will be issued an Illinois Link card. The Illinois Link card is a plastic card that looks and works like a debit card. If you are eligible for cash and SNAP benefits, you will access both with the same card. Only one Illinois Link Card is issued per case.”
Thank you for your time and effort expended in answering my question.
Our neighborhood will have a suitable welcome prepared.
Nuff said.
Good luck. I know you commute through some of the more scenic areas of the city. Stay frosty. The day is coming.
Best,
L
It’s for the children.
It’s junk now... someone’s getting a big ‘donation’ or being allowed to give a million dollar ‘speech’...
When you hear the shooting start, rest assured I'll be defending myself, my home and my family with EVERYTHING I have at my disposal.
You might want to use the opening salvo as your "warning" that the urbanites are rioting and to turn your safety off. ;-)
“Fitch lowered Chicago’s rating from BBB+ to BBB- on Monday, increasing the cost of borrowing.”
Who cares what the interest rate is if there’s no chance you’ll ever pay it all back?
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