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IPFS News Link • Economy - Economics USA

Chicago's Only Possible Salvation: Bankruptcy - a Name That Cannot be Spoken

• MIKE SHEDLOCK

So does Dennis Byrne who wrote on his blog today Chicago's Only Salvation: A Detroit-Like Bankruptcy.

This is a guest post from Byrne.

Chicago's Only Salvation: A Detroit-Like Bankruptcy

Wait, I thought only the Republican Party was being torn asunder by a rift between the establishment middle and the fringe. That impression was nailed down, again, last week by the embarrassing fracture among House Republicans over funding for the Department of Homeland Security.

But don't forget last Tuesday's Chicago primary in which incumbent Rahm Emanuel, the so-called establishment candidate, was forced into a runoff election for mayor with progressive Cook County Commissioner Jesus "Chuy" Garcia.


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