Is Chicago The Next Detroit?- How bad are Chicago's debts - including pensions, bonds, and other liabilities?
"Is Chicago the next Detroit?
...Much as it's tempting to pile on, when it comes to the overall economic and social health of the cities and their metro areas, the answer is no.
...Chicago, once hog butcher for the world, has a diversified economy.
Detroit historically has not -- though perhaps the situation has improved in the past decade...
...Chicago had the Daleys, and machine politics.
Detroit had Coleman Young..."
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