City Council committee backs raising threshold for taking on debt – Chicago Sun-Times
Ald. Brendan Reilly argued the higher borrowing threshold is “not about who the current mayor is. … This change applies to all future mayors. … This body has started to — and it’s refreshing — act independently of administrations and the executive, and by requiring the super-majority vote, it makes the dialogue and engagement with each of us more valuable.”

“Unless paid for by Washington, it is clear that urban socialists will not be able to afford the promises made to their core constituencies – poor recent immigrants and the mass of underpaid, overeducated professionals. Chicago, which has followed the Leftist line for years, is already courting bankruptcy and losing much of its business base.”