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Showing Original Post only (View all)Sen. Kirk: Re-elect Rahm or Chicago could end up like Detroit [View all]
Source: Chicago Sun-Times
U.S. Sen. Mark Kirk, R-Ill., on Monday warned that Chicago could go the way of Detroit which declared bankruptcy if Mayor Rahm Emanuel is not re-elected.
The people who are running against Rahm dont have the gravitas with the bond market. I would worry about the value of the Chicago debt if Rahm was not re-elected, Kirk told reporters at the Pulaski Day festivities at the Polish Museum of America, 984 Milwaukee Ave.
Kirks dire warning comes three days after Moodys Investors Service dropped Chicagos plummeting bond rating another notch, to two levels above junk status.
Emanuel is facing Cook County Commissioner Jesus Chuy Garcia in a runoff election April 7. A recent poll put the race in a statistical dead heat. Emanuel and Garcia survived a first-round election Feb. 24 against three other challengers Ald. Bob Fioretti (2nd), businessman Willie Wilson and community activist William Dock Walls.
Read more: http://chicago.suntimes.com/news/7/71/407760/sen-kirk-re-elect-rahm-chicago-end-like-detroit
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