Tag: Chicago bankruptcy

Chicago SHOULD declare bankruptcy

For some analysts, bankruptcy would be a disaster for Chicago. For others, it would be impossible because it isn’t permitted (yet) by state law. But here’s a school of thought asserting that bankruptcy for Chicago (and Chicago Public Schools) is not only possible, but advisable. It is proposed by Center for Pension Integrity (CPI) is a not-for-profit, non-partisan... Read more »

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... Read more »
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