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Analysis: Why we’re not
the next Detroit

Chicago Sun-Times, by David Roeder & Fran Spielman

Original Article

Posted By:brianod1, 7/21/2013 8:17:54 AM

About 280 miles separate Chicago from Detroit, too long for a quick drive but too short for one city’s financial calamity to go unnoticed in the other. Many investors who buy municipal bonds for tax-free income have similar images of the two cities: upper Midwest, industrial jobs in decline, crime rampant in too many places. Both also put off the day of reckoning for their enormous pension debts to their work force. In asking for bankruptcy protection Thursday, Detroit listed debts of $18 billion, with pension systems among its largest creditors.

Comments:
A dying newspaper still cheer leads for the failures of liberalism.

      


Post Reply  

Reply 1 - Posted by: rocket scientist, 7/21/2013 8:37:41 AM     (No. 9434876)

Until Chicago gets rid of the Liberal Progressive ´RATS like gay twinkle toes Rahm running things they are on track to be another Detroit down the line. The ´RATS are criminals.

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Reply 2 - Posted by: leopardtwo, 7/21/2013 8:47:14 AM     (No. 9434896)

No, not Detroit, rather Mogadishu.

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R-G1
  
R-VAR_AD


 
Reply 3 - Posted by: jntsrgn, 7/21/2013 8:48:46 AM     (No. 9434900)

Our debt in Chicago is the highest per capita in the WORLD.

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Reply 4 - Posted by: jackburton, 7/21/2013 9:27:57 AM     (No. 9434969)

Uh... no. You are. You raised taxes rather than cutting costs/expenditures just like Michigan and Detroit did. You´ve allowed the criminal element to thrive. Ditto.

My guess is that you´ll wake up some morning and find that you chased all the business out of your state as Michigan has done with so many companies (Pfizer, Comerica to name two.)
And you won´t be able to pay bills, like Detroit.

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Reply 5 - Posted by: veritas, 7/21/2013 9:39:37 AM     (No. 9434982)

What, NYC elbowed into line ahead of Chicago?

Or San Francisco did?

Is this a trick question?

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Reply 6 - Posted by: uno, 7/21/2013 9:45:50 AM     (No. 9434994)

Analysis: Why we’re not the next Detroit...this week!

Thar, I fixed it!

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Reply 7 - Posted by: heartsurgeon, 7/21/2013 10:48:45 AM     (No. 9435100)

population of chicago has shrunk by 1 million over the past several decades.

crime is rising

taxes are going up
Democrats in perpetual charge.
A city that is balkanized, with essentially racially segegated districts.

Chicago, Phili...they are emerging versions of Detroit. Detroit was helped along by the collapse of the US auto industry. It may happen a little slower, but its happening alright.

I have little interest in going to Chicago anymore. We use to go there frequently. Now i´m reading about tourists getting knifed near areas we use to frequent.

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Reply 8 - Posted by: DoktorFranken, 7/21/2013 10:59:43 AM     (No. 9435120)



De·troi·let:
....noun - City that, being run by Democrats for decades, goes "down the toilet", not unlike Detroit, MI. EXAMPLE: "The Next Detroilet will be Chicago."

....verb - used to denote the act of Democrats running a city down
economically, not unlike Detroit, MI. EXAMPLE: "Don´t Detroilet us, Bro!"


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Reply 9 - Posted by: Heil Liberals, 7/21/2013 11:47:30 AM     (No. 9435184)

Denial is the common river that runs between Detroit, Chicago, and any number of Dimocrit run cities. That is one long river friends.

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Reply 10 - Posted by: Vaquero45, 7/21/2013 11:57:48 AM     (No. 9435192)

And the Sun-Times is whistling past the graveyard...

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Reply 11 - Posted by: mary Ellen, 7/21/2013 12:49:31 PM     (No. 9435247)

And we here in Michigan say to Chicago, "he who laughs last laughs best".

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Reply 12 - Posted by: Rumblehog, 7/21/2013 2:33:38 PM     (No. 9435354)

This is what happens when employees and politicians vote themselves pay raises and entitlement increases year after year, while refusing to modernize and automate to get reduce the dependence on people.

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B-G1


 
Reply 13 - Posted by: glcinpdx, 7/21/2013 3:04:37 PM     (No. 9435394)

LoL#9....we have a winner!!! Now that is funny....sad, but funny...

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Reply 14 - Posted by: youngtexan, 7/21/2013 3:55:56 PM     (No. 9435452)

Chicago, LA, Hollywood, Phili, DC. These cities will be the next Detroit. Why did Detroit went first? Democrats ruled the city for 51 yrs.

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