Talking about the Jussie Smollett scandal and having broader discussions about racial and identity politics in Chicago is important, but it’s distracting from an even more pressing problem: the Windy City’s impossible financial math.

Ted was on The Chicago Way with John Kass last week talking about Chicago’s fiscal issues. Toni Preckwinkle and Lori Lightfoot are fighting to become Chicago’s next mayor. What awaits the winner is an unprecedented budget and pension crisis.

Click here to listen. Ted’s interview starts at 24:40.

Read more about Chicago’s financial crisis:

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S and P 500
1 year ago

The LA Times piece on Lightfoot sounded like a generic pre-printed form letter. Or it could have described a scene from the movie “Widows”. It says Lightfoot will clean up the police dept and push for more transparency. And, oh yeah, the city has billions in unfunded pension liabilities and a huge budget deficit next year.