Mayor Brandon Johnson's administration feels Chicago is being unfairly rated solely on its pension liability, despite its sizable population and what it calls the most diversified economy of any major U.S. city. That's one of the takeaways from the 2024 Chicago Investors Conference, held on Friday at the Chicago Cultural Center in the Loop.
Don’t be so sure of that. It doesn’t seem that republicans or democrats take the huge budget deficits this administration and the previous administration ran up too seriously. The federal government already has a program to support failing private pension plans (Pension Benefit Guaranty Corporation), why not do one for public pension plans
William Butler Hickok
2 years ago
What ever Zippy ‘s people are smoking get me some. That review is filled with what the old saying is, if you can’t explain it with
Knowledge, baffle them with BS.
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.
A Nobel prize winning economist has said Chicago needs to declare bankruptcy immediately they are just digging deeper but of course BJ knows better.
Do NOT think the Federal Government will help at all.
US federal budget crosses grim milestone as interest payments overtake defense spending (yahoo.com)
Bankruptcy is the only answer now.
Don’t be so sure of that. It doesn’t seem that republicans or democrats take the huge budget deficits this administration and the previous administration ran up too seriously. The federal government already has a program to support failing private pension plans (Pension Benefit Guaranty Corporation), why not do one for public pension plans
What ever Zippy ‘s people are smoking get me some. That review is filled with what the old saying is, if you can’t explain it with
Knowledge, baffle them with BS.