Commentary: Chicago Public Schools can’t afford to bail out City Hall – Chicago Tribune*

"A loan now could trigger a spiral of rising deficits, interest payments and more borrowing, culminating in CPS being locked out of credit markets entirely. That’s exactly what happened in 1980, when the state had to step in and take over. ... Importantly, when engaged, the public has been clear: Chicagoans overwhelmingly oppose CPS paying the city’s pension bill, and they oppose borrowing to cover the current gap with or without the pension expense. "