today with confidence i announce my candidacy for mayor of providence. we are back. that was the legendary former six-term mayor of providence, rhode island. the convicted felon announced his second comeback bid for the city s top job are last week. he s already served 21 years in office starting in 1974 when he defeated the ten-year incumbent on an anti-corruption platform at 33 years old. i will support measures to guarantee that city employment is no longer used to control the ballot box. [ applause ] he was a republican back then and was the first italian-american to win after a 150-year hold by mostly irish democrats. the period known as buddy one ended after he was convicted of assaulting a man he believed was having an affair with his estranged wife. i submit my resignation as
well, he jokingly calls himself the two-timing mayor. how he wants to make it a third. buddy cianci, the twice convicted felon is running to get his old job back. he announced on wednesday just before the 4:00 p.m. filing deadline that he will indeed run for a seventh term, this time as an independent. today with a sense of humility, contrition and confidence, i announce to you my candidacy for mayor of providence. in 1974, cianci was first elected mayor as a republican, just 33. he was the first italian american to win the office after 150-year-old hold on city hall by irish democrats. he won his campaign on an anti-corruption platform. i will support measures to guarantee that city employment is no longer used to control the ballot box. but things went south for him
you know, reveals very clearly. jim, katrina brings up the point about sort of what s happened to detroit. this is not necessarily a story of bloated pensions, although pensions and the problem with finding enough money to fund these pensions, however small they may be, is an issue across the country. the other part of this is the declining work force in detroit. if you look at the city employment in 1951, there were 30,000 employees. in 2013, there were 10,500. the unemployment rate in the city is 18.8%. you re a bankruptcy attorney. what happens next here, if, in fact, detroit is able to file for chapter 9? how rosy or what is the picture of this city in the years to come? well, the real success of this, chapter 9 is just a process. it s a way of reducing debt to what is sustainable and affordable. what we really need to do, especially with the workers, is to have buy-in because you re going to need the workers and the citizens and retirees going