Chicago Mayor Richard Daley has for a long time reassured Chicagoans that if Chicago hosts the 2016 Summer Olympics, it will be good for the people of Chicago, and pay for itself. Chicagoans have made it abundantly clear to the Mayor that they do not want an Olympics that will be paid for out of their own pockets.
Yesterday afternoon, the Chicago City Council authorized the Mayor to sign a host city Olympic Games contract with the International Olympic Committee (IOC) that obligates Chicago taxpayers to pick up the tab, should there be cost overruns.
Yesterday evening, the slickest Chicago politician of all time, President Obama, addressed a joint session of Congress and the nation. Once again, he explained to us that his government run health care plan will be good for the American people, and the "plan will not add to our deficit."
When it comes to Chicago-style politics, one thing is sure, get ready to take out the checkbook.