With polls showing a close race in next month’s runoff mayoral election, Sen. Mark Kirk suggested on Monday that that the city could go
the way of financially strapped Detroit if voters fail to re-elect Rahm
"The people who are running against Rahm don’t have the
gravitas with the bond market. I would worry about the value of the
Chicago debt if Rahm was not re-elected," Kirk, R-Ill., told reporters
at an event celebrating Casmir Pulaski, the Polish general who fought
gallantly in the American Revolutionary War.
"It’s a concern if we had one of the less-responsible people running against him," Kirk said at the event in Chicago. "None of them could
command the respect of the bond market. The collapse of Chicago debt —
which already happened with Detroit — would soon follow if somebody who
is very inexperienced replaced Rahm. …You’ve got to have a strong,
capable leader and the people I’ve seen running against the mayor are
not that leader."
if only voters could understand the position this puts the bond markets in and vote correctly