A Galling Boast in Chicago’s Bond Pitch: Haves Replacing Have Nots – WP Original

By: Mark Glennon* One particular piece of bragging in the offering materials** for Chicago’s upcoming bond sale caught my attention. No, it wasn’t any of the silly ones like “stable population and business base” or “proven record of implementing reforms.” And, no, it wasn’t any of the obvious ones like “commitment to raising revenues.” It was this one: “gaining high income households rapidly, rising median family income.” That seems harmless on its face, but what’s it really saying? Let’s think about it remembering that the city’s population is declining and factor in some other recent news. It’s not something self-styled

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[Unbelieveable:] Rahm Emanuel gets show of support from White House – Sun-Times

White House Chief of Staff: “I just had a chance to be back in Chicago, actually, my in-laws live in Chicago and I tell you, the city looks great, the opportunities there are boundless. And so, I think what the President sees is a city and a people of Chicago and a Mayor of Chicago that continue to do very good work.” Comment: Got that, you jobless slackers? Your opportunities are “boundless” here. Now, just shut up and be happy with Rahm.

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