{"id":53278,"date":"2015-05-13T06:48:46","date_gmt":"2015-05-13T11:48:46","guid":{"rendered":"http:\/\/www.shotinthedark.info\/wp\/?p=53278"},"modified":"2015-05-13T06:48:46","modified_gmt":"2015-05-13T11:48:46","slug":"what-a-century-of-democrat-governance-gets-you","status":"publish","type":"post","link":"http:\/\/www.shotinthedark.info\/wp\/?p=53278","title":{"rendered":"What A Century Of Democrat Governance Gets You"},"content":{"rendered":"<p>Chicago&#8217;s mountain of debt has been <a href=\"http:\/\/www.cnbc.com\/id\/102650351\">downgraded to &#8220;Junk&#8221;<\/a>:<\/p>\n<blockquote><p>&#8220;Whether or not the current statutes that govern Chicago&#8217;s pension plans stand, we expect the costs of servicing Chicago&#8217;s unfunded liabilities will grow, placing significant strain on the city&#8217;s financial operations absent commensurate growth in revenue and\/or reductions in other expenditures,&#8221; the agency said in a release.<\/p>\n<p>The downgrade affected $8.9 billion of general obligation, sales, and motor fuel tax debt, according to Moody&#8217;s.<\/p>\n<p>The firm said its downgrades could trigger up to $2.2 billion in accelerated payments on Chicago debt.<\/p><\/blockquote>\n<p>Who knew &#8211; trying to run a spending\/&#8221;service&#8221;-heavy regime based on systematically transferring money from producers to consumers (with a healthy gratuity for the political class in between) is no way to run a government?<\/p>\n<p>Some of us did, anyway.<\/p>\n<p>How long &#8217;til Saint Paul, Duluth and Minneapolis follow suit?<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Chicago&#8217;s mountain of debt has been downgraded to &#8220;Junk&#8221;: &#8220;Whether or not the current statutes that govern Chicago&#8217;s pension plans stand, we expect the costs of servicing Chicago&#8217;s unfunded liabilities will grow, placing significant strain on the city&#8217;s financial operations absent commensurate growth in revenue and\/or reductions in other expenditures,&#8221; the agency said in a [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20,255],"tags":[],"class_list":["post-53278","post","type-post","status-publish","format-standard","hentry","category-democrats","category-the-racket"],"_links":{"self":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/posts\/53278","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=53278"}],"version-history":[{"count":1,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/posts\/53278\/revisions"}],"predecessor-version":[{"id":53279,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/posts\/53278\/revisions\/53279"}],"wp:attachment":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=53278"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=53278"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=53278"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}