Opinion: Chicago can’t afford both bigger pensions and more services – Crain’s

"Cities such as New York and Chicago are in deep financial trouble. Broadly speaking, they have two options: Make the difficult but appropriate choice to raise taxes and reduce the scale of government, or continue to live in a state of denial, increasing their pension obligations while also promising their residents more services."
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Leaving Soon, just not soon enough
1 month ago

Does not matter if the can afford it. They will get more money and larger pensions till Chicago goes bankrupt and then they are at the top of the list of creditors so will get much more money than many others. The public sector unions are allowed to rape the taxpayers. The only way out of this is to vote with your feet.

The Railroader
1 month ago

It isn’t just Chicago. That’d be the entire State of Illinois, Allison Schrager. Could Ally at last be waking up to the reality that all Illinoisans have lived with for more than a decade? JB the Hutt and Mayor Cliff Notes are only the most recent examples of Illinois political animals making huge promises (to all except the ones who get stuck paying for it) while whistling past the graveyard where Illinois’ finances currently lie. The era of Santa Claus government is already over. Illinois political animals will attempt to deflect blame for the mess, but Illinois political animals alone… Read more »

David F
1 month ago

If Chicago doesn’t ask and Illinois doesn’t allow bankruptcy, just wait for the excitement when Chicago just stops paying the police and fireman. I’m not sure they will even try to show up like the TSA mostly did.

Last edited 1 month ago by David F
Sanity please
1 month ago
Reply to  David F

We will hear the wailing and gnashing of
teeth all over da place, can’t wait for the shi. Show to began. Time to buy the Jiffy Pop.

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