A statewide concern: Illinois’ population decline outpaces neighboring states – Wirepoints on ABC20 Champaign
“We are not in good shape” Wirepoints’ Ted Dabrowski told ABC 20 Champaign during a segment on Illinois’ latest population losses. Illinois was one of just three states to shrink in the 2010-2020 period and has lost another 300,000 people since then. Ted says things need to change. “It’s too expensive to live here, there aren’t enough good jobs and nobody trusts the government anymore. There’s just other places to go where you can be more satisfied.”
Fool you once shame on me, fool me for over forty years shame on you. If anyone expects the bond holders to be given any consideration because of “protections” when the default comes they obviously are not paying attention to the judicial environment in Illinois. When the crows(politicians and lawyers) circle the future carcass of Chicago picking the financial bones clean the interests of the bond holders will squashed by the weight of voters damaged by a threatened reduction of their benefits. When the choice whether to continue paying for benefits and services or for legally contracted interest on debt… Read more »
Bond ratings are a game played, just as are stock analysts’ ratings.
Underlying validity is nonexistent. We live in the shadow of industrial-scale rationalizations for folly (for example, lending money to systems governed by corruptocrats, inveterate liars and scumbags.)