Three weeks remain before the April 7 runoff between Emanuel and Jesus \u201cChuy\u201d Garcia, a Cook County commissioner and fellow Democrat whose candidacy is the vehicle for grievances against the mayor and his efforts to steer the city away from insolvency. Chicago has $20 billion in unfunded pension liabilities, a school system deep in deficit and a credit rating dropping toward junk. It\u2019s in danger of being overwhelmed by debt unless it embraces onerous solutions that probably would include retirement benefit cuts and tax increases.<\/p>\n
\u201cI don\u2019t think I\u2019ve ever seen such financial uncertainty and so many moving parts all going on at once, and no one wanting to blink first by saying what he\u2019s going to do about it,\u201d said Donald Haider, a former Chicago finance director who ran for mayor in 1987.<\/p><\/blockquote>\n
Of course, they have to walk a very fine line; essentially, both have to campaign on who’s willing to be the most brazen about waiting for a federal bailout, without actually saying it.<\/p>\n","protected":false},"excerpt":{"rendered":"
After four years under firmer Obama Chief of Staff Rahm Emanuel, Chicago has run up an absolute mountain of debt, and is among the ranks of cities that could easily go bankrupt in the near future. So naturally, inveterate democrat Chicago voters appear likely to go the Greek route, and kick the physical can down […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[308,69],"tags":[],"class_list":["post-52031","post","type-post","status-publish","format-standard","hentry","category-entitled-america","category-socialism"],"_links":{"self":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/posts\/52031","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=52031"}],"version-history":[{"count":5,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/posts\/52031\/revisions"}],"predecessor-version":[{"id":52049,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/posts\/52031\/revisions\/52049"}],"wp:attachment":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=52031"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=52031"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=52031"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}