Moody’s has downgraded Chicago debt to junk status. Apparently they felt the city no longer deserved a rating of “Baa2,” which was already lower than Detroit.
This post was last modified on May 13, 2015
- J.P. Travis in News New Format
Moody’s has downgraded Chicago debt to junk status. Apparently they felt the city no longer deserved a rating of “Baa2,” which was already lower than Detroit.
This post was last modified on May 13, 2015
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I'm actually surprised they didn't rate Chicago Junkie.
Vallejo Kalifornia-Democrat run-Bankrupt
Stockton Kalifornia Junior Varsity Democrat Run-Bankrupt
Detroit Michigan-Destroyed by Democrats-bankrupt
Chicago-Destroyed by democrats-bankruptcy coming?
New York-Run into the ground by democrats-federal bailout
Anyone notice a pattern here?
Don't forget one of the earliest municipal bankruptcies. San Bernardino, CA.
Chicago and junk rating?
Sounds about right.
The answer, of course, is to raise taxes, increase the size of government, and increase regulations on business.
King Barky the Liar of Fecal Touch strikes again. Sadly, eight years of Obama will result in the same fate for our entire country.
Dickboy has announced the obama library will be built on the south side of Chicago. How are these things funded ? Munis? Buahahahaha. I refuse to buy bonds issued in democrat states. Will the people who backed him thus far continue after they done with him?
Dickboy has announced the obama library will be built on the south side of Chicago. How are these things funded ?
His buddy Bad, Bad Leroy Brown will raise the money for him.
The City of Chicago will now try to fill it's pension funding void by suing Moody's for discrimination.