Moody's downgraded Chicago's credit rating down to junk level "Ba1" from "Baa2."
Pointing out the obvious cause of this new "junk" rating is "races." Let's pretend it was liberal policies and those dawg-gone Democrats says the loser party. Let's blame this all on Whites, says the cultural marxists. The only solution, removing the negro and la-teen-oh, is off the table because it's wrong and we don't want to be wrong and it's 2015.
The announcement, which the ratings agency released Tuesday afternoon, cited a recent Illinois court ruling voiding state pension reforms. Moody's said it saw a negative outlook for the city's credit.
In another decade Chicago should be indistinguishable from Detroit. That's about the most negative outlook you can have. Low intelligence, lack of future orientation, poor impulse control, bastardy and all the other rich and soulful elements of "diversity" have consequences. How long can Whites keep funding the predictable failures?
"Whether or not the current statutes that govern Chicago's pension plans stand, we expect the costs of servicing Chicago's unfunded liabilities will grow, placing significant strain on the city's financial operations absent commensurate growth in revenue and/or reductions in other expenditures," the agency said in a release.
A dismal forecast from the dismal science. Unless there's fewer negroes and other foreign invaders or more Whites, a once prosperous city of millions is doomed.
This has economic consequences.
The firm said its downgrades could trigger up to $2.2 billion in accelerated payments on Chicago debt.
How we bee makin' dem cellerated paymants, gnomesayin'? We ain't gots no chedda.
The jew plantation master.