Whether (Rahm) Emanuel or Jesus (Garcia) wins on April 7, Chicago's finances are descending into hell

Chicago's financial rating has been devalued again, and is now only two steps above junk bonds.

Couldn't come at a worse time for Mayor Rahm Emanuel. It seems that whether Emanuel or Jesus (Garcia) wins the April 7 runoff, Chicago's finances are likely to continue their descent into hell.

Resurrection, I fear, will have to come from elsewhere. Though Emanuel and his fiscal restraint seem to me to be far more likely to turn things around than Garcia and his "populism," at least from where I sit in the really, really far Western suburbs (Des Moines).


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