It's About Liberty: A Conservative Forum

Topics => Economy => Topic started by: rustybayonet on December 10, 2013, 08:35:46 AM

Title: Detroit first - Chicago next?
Post by: rustybayonet 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/ (http://apps.chicagotribune.com/bond-debt/)
Title: Re: Detroit first - Chicago next?
Post by: oldcoastie6468 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/ (http://apps.chicagotribune.com/bond-debt/)

Both Chicago and the State of Illinois are bankrupt right now; they just have not admitted it.
Title: Re: Detroit first - Chicago next?
Post by: 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?
Title: Re: Detroit first - Chicago next?
Post by: 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.
Title: Re: Detroit first - Chicago next?
Post by: 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.
Title: Re: Detroit first - Chicago next?
Post by: richb 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.......
Title: Re: Detroit first - Chicago next?
Post by: 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?   
Title: Re: Detroit first - Chicago next?
Post by: Pandora 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::
Title: Re: Detroit first - Chicago next?
Post by: Libertas on December 13, 2013, 07:25:58 AM
This little graphic is soooo good!

(http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2013/12/20131212_chton_0.png)

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