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Esteemed Contributor
Posts: 6,287
Registered: ‎01-24-2013

Re: Credit rating downgraded again

Instead of voting 50 times to repeal the ACA, and wasting millions in the process, do ya think that the House could do a jobs bill to put people back to work ?

That would go a long way in helping our cities be what they once were.

Honored Contributor
Posts: 13,954
Registered: ‎03-10-2010

Re: Credit rating downgraded again

On 3/5/2014 mgm2 said:
On 3/5/2014 deepwaterdotter said:
On 3/5/2014 mgm2 said:

Hyacinth, can you tell us 10 good things about Chicago?

My "10 good things" would be:

Willis (formerly Sears) Tower

Buckingham Fountain and the Bean

Portillo hot dogs and Al's Italian beef

Museum of Science and Industry

Shedd Aquarium

Lou Malnatti deep-dish pizza

Second City Comedy Club

Wrigley Field and Soldier Field

The Art Institute

The 'El'

Thank you deep. {#emotions_dlg.thumbup1}

I've only been to Chicago 5 times in my life.

You forgot my school, the University of Chicago - one of the finest institutions of higher education in the world - and the Frederick Law Olmsted Park there - the Midway.

Highlighted
Valued Contributor
Posts: 2,767
Registered: ‎04-06-2013

Re: Credit rating downgraded again

chumlee,

awesome news on detroit. i'm also rooting for detroit.

"If I am not for myself, who will be for me? But if I am only for myself, who am I? If not now, when?" Hillel
Honored Contributor
Posts: 13,913
Registered: ‎03-10-2010

Re: Credit rating downgraded again

On 3/5/2014 hyacinth003 said:

Referring to the city of Chicago. It's credit rating has been downgraded from A3 to Baa3.

It now stands a few points above "junk" status. It is the worst city rating aside from Detroit.

The average Cook County resident is in $61,000 debt. If pensions are added, it is $84,000 they would be on the hook for.

The population is now lower than in 1920. Higher taxes will just cause more residents to flee.

Another once great city in a lot of trouble.

Sources: NY Times, Chicago Tribune, CNN Money, multiple

Hyacinth {#emotions_dlg.ohmy}

And I saw EE on Bill O's show last night. Are he and rom twins?

hckynut(john)
Honored Contributor
Posts: 14,005
Registered: ‎03-09-2010

Re: Credit rating downgraded again

I listed the first ""good things"" that came to mind. Certainly the University of Chicago and the Wendella boat tour qualify as valuable assets in the Windy City.