Life's a Fitch

That which cannot be sustained, will not be sustained:

Fitch Ratings has downgraded the credit worthiness of Chicago's bond debt because of its public pension problems.

Fitch dropped the rating from AA- to A- on $8 billion in general obligation bonds, backed by property taxes.

Moreover,

Friday's downgrade stems from "the lack of meaningful solutions" to the city's pension situation. City and fire pension programs have no more than 30 percent of the money needed to cover obligations.

Have fun with that, Rahm.