Lennie Jarratt and Teresa Mull, Crain’s Chicago Business -
Chicago Mayor Rahm Emanuel’s recent letter to the editor published by the Wall Street Journalclaimed that anyone who thinks Illinois passed a financial “bailout” for his city and its beleaguered school system is “misguided, ill-informed and oblivious of the facts.” We know “bailout” is an ugly, politically damning word. But insisting that taking more money from already overburdened taxpayers to pay for decades of disgraceful mismanagement doesn’t amount to a bailout is, at best, a pathetic attempt by Emanuel to save face.
