The Business Insider reports that Mayor Richard Daley’s budget shortfall is one of the top 15 worst deficit budgets of America’s cities clocking in at $530,000,000 through fiscal year 2011. That breaks down to $180 of debt per citizen.
But this is a bit deceiving because of the $1.15 billion that Daley got by selling the city’s parking meter franchise, not to mention his sale of the Chicago Skyway a few years ago.
In February, Daley announced a hiring freeze that he claimed would save the city $11 million and the Mayor himself will work 29 days this year without pay. Daley also laid off 1,500 employees of the city last year and instituted 24 unpaid furlough days.
Warner Todd Huston’s thoughtful commentary, sometimes irreverent often historically based, is featured on many websites such as Breitbart.com, among many, many others. He has also written for several history magazines, has appeared on numerous TV and radio shows.
