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Author Topic: Detroit first - Chicago next?  (Read 1204 times)

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Offline rustybayonet

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Detroit first - Chicago next?
« on: December 10, 2013, 08:35:46 AM »
Interesting article, Is Chicago going to follow Detroit into bankruptcy? Article is long. [Saw a headline on unions mad about upcoming vote on the internet this morning, but can't find it now - wonder why?]

http://apps.chicagotribune.com/bond-debt/
« Last Edit: December 10, 2013, 08:39:10 AM by rustybayonet »
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Offline oldcoastie6468

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Re: Detroit first - Chicago next?
« Reply #1 on: December 10, 2013, 08:37:55 AM »
Quote from: rustybayonet on December 10, 2013, 08:35:46 AM
Interesting article, Is Chicago going to follow Detroit into bankruptcy? Article is long.

http://apps.chicagotribune.com/bond-debt/

Both Chicago and the State of Illinois are bankrupt right now; they just have not admitted it.
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Offline rustybayonet

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Re: Detroit first - Chicago next?
« Reply #2 on: December 10, 2013, 08:41:22 AM »
The one thing that stuck out for me in this article - 'the city can borrow unlimited amounts without a vote?
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All gave some -- Some gave all    Humbled to be one of the 33 original members of the Coast Guard Honor Guard, started in 1962.
 Today is the Tomorrow, we worried about Yesterday

Offline oldcoastie6468

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Re: Detroit first - Chicago next?
« Reply #3 on: December 10, 2013, 09:16:45 AM »
Quote from: rustybayonet on December 10, 2013, 08:41:22 AM
The one thing that stuck out for me in this article - 'the city can borrow unlimited amounts without a vote?

Welome to demoncrap Chitago.
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U.S. Coast Guard veteran, 1964-1968

Will Rogers never met Barack Obama. He would not like Obama.

I hate liberals. Liberalism is a disease that causes severe brain damage after it tries to suck knowledge and history out of yours.

Offline Libertas

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Re: Detroit first - Chicago next?
« Reply #4 on: December 10, 2013, 11:30:49 AM »
Quote from: oldcoastie6468 on December 10, 2013, 09:16:45 AM
Quote from: rustybayonet on December 10, 2013, 08:41:22 AM
The one thing that stuck out for me in this article - 'the city can borrow unlimited amounts without a vote?

Welome to demoncrap Chitago.

Prez Skittles trying to get the same.
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We are now where The Founders were when they faced despotism.

Offline richb

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Re: Detroit first - Chicago next?
« Reply #5 on: December 11, 2013, 03:57:10 PM »
Quote from: Libertas on December 10, 2013, 11:30:49 AM
Quote from: oldcoastie6468 on December 10, 2013, 09:16:45 AM
Quote from: rustybayonet on December 10, 2013, 08:41:22 AM
The one thing that stuck out for me in this article - 'the city can borrow unlimited amounts without a vote?

Welome to demoncrap Chitago.

Prez Skittles trying to get the same.

Where did you think he got his ideas about "economics" from? 

Imagine all the hidden debt there probably is too.......
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Offline richb

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Re: Detroit first - Chicago next?
« Reply #6 on: December 11, 2013, 04:55:16 PM »
I read the piece.   All too rare work by the Tribune,  which largely ignored these things when Daley was in office.   Daley's "legacy" only gets worse looking. 

How are we going to stop politicians from kicking the can down the road?   
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Online Pandora

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Re: Detroit first - Chicago next?
« Reply #7 on: December 11, 2013, 11:16:40 PM »
Quote from: richb on December 11, 2013, 04:55:16 PM
I read the piece.   All too rare work by the Tribune,  which largely ignored these things when Daley was in office.   Daley's "legacy" only gets worse looking. 

How are we going to stop politicians from kicking the can down the road?  

 ::guillotine::
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Offline Libertas

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Re: Detroit first - Chicago next?
« Reply #8 on: December 13, 2013, 07:25:58 AM »
This little graphic is soooo good!



http://www.zerohedge.com/news/2013-12-12/chicago-vs-houston-4-charts

Now, what I wouldn't like, especially if I were a Houstonian...is all these refugees from Chitcago! 
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We are now where The Founders were when they faced despotism.
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