Chicago Pension Squeeze: Fire Pensions Get a Loan as Tax Revenue Delayed; Pritzker Warned Against Signing Sweetener Bill, Signed Anyway – Stump

By actuary Mary Pat Campbell.
2 Comments
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David F
1 year ago

If you have to receive the last receivable to make the next payable, that’s the definition of a Ponzi scheme. You are building no equity as people are living longer, no way this works.

Leaving Soon, just not soon enough
1 year ago

The pensions are so expensive that they are unsustainable at today’s levels. The taxpayer cannot afford to pay for them. Higher and higher taxes just chase out more upper income earners and job creators to other states. This is a death debt spiral that will not end well for anyone. Pensions are a form of economic cancer.

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