IMHO, I think Chicago is a long way from that fate. That doesn't mean however that people out there still don't believe this regardless. Rich Miller of the CapFax does a good round-up today. Lately in the news we've been hearing about pensions, a court case, and a bond rating downgrade.
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While anonymous comments are not prohibited we do encourage you to help readers identify you so that other commenters may respond to you. Either read the moderating policy for how or leave an identifier (which could be a nickname for example) at the end of the comment.
Also note that this blog is NOT associated with any public or political officials including Alderman Roderick T. Sawyer!