B.O.H.I.C.A.

This is our childrens' future. And our grandchildrens'. Unless they are lucky enough to move out of this city as soon as they are able.

• A City Council committee today approved an ordinance that would authorize Mayor Richard Daley to sign the Olympics host city agreement that would leave taxpayers on the hook if there are major cost overruns for the 2016 Games.
  
  The contract would require the city to cover cost overruns beyond the $750 million already backed by the city and state. Olympic organizers say insurance policies would protect the public, making it unlikely they would even dip into the $750 million.

Just a quick question - who's paying the premiums on this so called "insurance" policy? Taxpayers? So we're getting the shaft either way. Thanks for clearing that up.

By the way, did anyone see London's 2012 Olympic debacle lately? Their $4.5 billion bid is currently approaching $20 billion in cost. But don't worry about Chicago's history of shady dealings, crooked contracting and monstrous cost overruns.