Ted was on the Illinois Channel last week speaking to Jeff Berkowitz about the impact of the coronavirus and the toll it’s taking on the economy, government and people.
Some highlights from their discussion:
“At what point will people start asking ‘is the human and economic toll of shutting down America, how does that compare to the potential human toll of the virus – and that’s where the cost-benefit analysis needs to occur.”
“This is not an Illinois or Chicago-specific crisis, but now we’re wrapped in it. And everything we were worried about…all of us who want to see reforms, its come true. The crisis, the recession, the crunch. And what it spells is massive trouble for Illinois relative to other states”
“With this crisis, Illinois and Chicago are broke. We’ve said that for a long time, but we can officially say it now.”
Read more about the coronavirus crisis and its impact on Illinois:
- Focus On Chicago’s Immediate Crisis, Mayor Lightfoot, Not Political Grandstanding
- ‘Act of God’: Illinois Teachers Get Full Pay, Pension Accrual While Schools Are Closed
- Will Recession Revive Discussion of Municipal Bankruptcy and Bankruptcy-for-States?
- Stock market meltdown, collapsing bond rates will wreak havoc on Illinois’ weakest pension plans