Junk City: Chicago has slowest growth of top ten cities

People are voting with their feet in America's third largest city--one whose bonds are rated as junk by Moody's Investor's Services.

From NBC 5 Chicago:

Chicago's population saw the slowest growth rates of any of the top 10 cities in the U.S. from 2013-2014, according to new data from the U.S. Census Bureau.

The city grew by just 82 residents during the one-year period, an increase of just .003 percent, officials said. That;s compared to New York, which saw an increase of 52,700 and Los Angeles, which grew by 30,924 people.

Though Chicago still maintains its third-place status with 2,722,389 people as of July 1, 2014, Houston closely follows with 2,239,588 residents. The Texas city also grew by 1.6 percent from 2013-2014 with an increase of 35,752 residents.

A massive unfunded pension liability for city workers is the reason for Chicago's rotten credit. Why should people move there--most of whom don't have pensions--so they can bail out those who do.