Chicago and Illinois Finance Update: Forecast Pain – Mary Pat Campbell

"This crap is ongoing. Plenty of old posts/'news' are in here… but really, none of this is news. These situations have been building for decades."
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Tom Paine's Ghost
1 year ago

Key statements:

There will be no reform until crisis hits, and the sooner the better because those currently collecting unwarranted massive pensions are bleeding the pension funds dry.
The sooner the collapse, the more pension money will be saved for the average Joe.
Good pension reform would target excesses on the top end with a threat of municipal bankruptcy hanging over everyone’s head if the unions refuse to cooperate.”

That’s the facts in a nutshell. Complete financial collapse the sooner the better.

Favid F
1 year ago

Like a drug addict need to hit rock bottom. Illinois is bouncing of the bottom….

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