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When Chicago spent its pension money on the mayor's pet projects

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As mayor, Richard M. Daley spent hundreds of millions of dollars on unnecessary pet projects—and Emanuel seems to have the same bad habit. by Ben Joravsky As we all prepare for Mayor Rahm Emanuel's proposed property tax hike to pay off billions of dollars in pension obligations, I thought I'd take a trip down memory lane to a not-so-distant era when our leaders acted like we didn't have a care in the world. The year was 2004—and what a glorious time it was!…

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