Chicago and Illinois Pensions Watch: History and Who is Serious – Stump

"When one sees politicians raising taxes and then turning around to give public employees a raise, the suckers, I mean taxpayers, will realize they’re being had. So what’s it gonna be, Illinois? What’s it gonna be, Chicago? The shadow of Detroit and Puerto Rico overcasts you." Comment: Nice look at some data, as usual from actuary Mary Pat Campbell, especially on the Chicago Teachers Pension. And we'll overlook where she sort of disagrees with us here, and takes a poke at Chicago.

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