In a new Forbes story, they show the top 10 worst cities in the U.S. starting with the worst: Stockton, CA, Memphis, TN, Chicago, IL, Cleveland, OH, Modesto, CA, Flint, MI, Detroit, MI, Buffalo, NY, Miami, FL, and St. Louis, MO.
It all started with Stockton and the housing boom, with prices tripling from '98 to '05, and a bust along with a 13.3% unemployment rate. Chicago ranks high even with an Obama presidential win, with high unemployment of 6.6%, and a high 10.3% sales tax.
Chicago's corruption problem is staggering, with 385 convicted public officials over the past 10 years. Out of the last 9 governors, 5 have been charged with crimes - include this with the highest tax rate in the country Chicago, is quickly climbing.