Chicago close to junk bond status

Reuters:
Exclusive: Chicago nears fiscal free fall with latest downgrade
They are approaching the investment status of Russia and Chicago can't blame sanctions and the drop in the price of oil.  There are Texas utility districts with higher ratings.  It is an example of what happens when liberals starts to run out of other people's money.  Illinois is even worse shape, but at least it has a governor who is finally trying to do something about the Democrats spending and regulation problems.

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