Friday, September 14, 2018

Brother of ex-mayor who destroyed Chicago plans to run for mayor

On the flipside, Richard J. Daley, the legendary boss of Chicago, was a wiz at public finance.

Richie Daley was a dunce's dunce on money. Which is why Chicago has the worst-funded municipal pension plans over any major American municipality.

Chicago is the only big American city losing population. Tax increases to pay for pension largesse will do that.

From NBC Chicago:
Former U.S. Commerce Secretary Bill Daley is expected to announced a run for mayor in Chicago Monday, nearly two weeks after Mayor Rahm Emanuel announced he would not seek re-election.

The decision, which his spokesman confirmed would be announced Monday, would make Daley the first candidate to formally launch a run for mayor in wake of Emanuel's political bombshell.

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