Chicago: Junk Dealer to the World

Chicago saw its credit rating reduced to junk bond status this week, joining former greats like Detroit in this revered position. Now we'll see if Chicago starts following the Detroit model in other ways by essentially throwing everything and everyone else overboard to preserve public pensions, including the public safety of its citizens. Chicago has had a lot of murders under Rahm Emmanuel as mayor. I wouldn't be looking for that to go down. 

www.breitbart.com/big-government/2015/05/12/moodys-downgrades-chicago-credit-rating-to-junk-bonds-status/