Despite claims of Chicago’s improving financial condition, the $48 billion in pension debt for the city’s core retirement systems continues to loom over its fiscal future.
The Chitty is DOA. Run for your economic life. There is no way to pay for this huge ponzi scheme. Bankruptcy is the only way out for the Chitty. Much higher taxes no matter what they do. Greed of the government employees is the KISS OF DEATH for a once great City.
A largely unasked question is becoming glaring: Is Illinois doing all it should to use artificial intelligence to make government cost less and work better? So far, the evidence says no.
The Chitty is DOA. Run for your economic life. There is no way to pay for this huge ponzi scheme. Bankruptcy is the only way out for the Chitty. Much higher taxes no matter what they do. Greed of the government employees is the KISS OF DEATH for a once great City.