decline in chicago gives clues to what would happen in an obama second term
http://news.investors.com/article/616013/201206251734/obama-hometown-of-chicago-in-decline.htm?src=IBDDAE
Last weekend was all too typical in Chicago these days, with four dead and 29 wounded throughout a city that's been home to one of the nation's toughest gun laws. Chicago has become the murder capital of America with a 50% increase in violence for the past year.
Cook County Treasurer Maria Pappas recently disclosed a staggering $108 billion debt tab across various governing bodies in the county that translates to $63,525 per Chicago household. Unfunded pension liabilities make up nearly a quarter of that. Not all the debt is Chicago's, a city with the nation's highest sales tax, but enough of it is.
Chicago lost 200,000 people from 2000 to 2009. The only one of the nation's 15 largest cities to lose people. Of all cities, it fell between Detroit, reigning champion of progressive urban decay, and hurricane ravaged New Orleans, in the number of people fleeing to greener pastures.
Last weekend was all too typical in Chicago these days, with four dead and 29 wounded throughout a city that's been home to one of the nation's toughest gun laws. Chicago has become the murder capital of America with a 50% increase in violence for the past year.
Cook County Treasurer Maria Pappas recently disclosed a staggering $108 billion debt tab across various governing bodies in the county that translates to $63,525 per Chicago household. Unfunded pension liabilities make up nearly a quarter of that. Not all the debt is Chicago's, a city with the nation's highest sales tax, but enough of it is.
Chicago lost 200,000 people from 2000 to 2009. The only one of the nation's 15 largest cities to lose people. Of all cities, it fell between Detroit, reigning champion of progressive urban decay, and hurricane ravaged New Orleans, in the number of people fleeing to greener pastures.
posted by tnj at 10:31 AM
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