“You’re just borrowing $10B to pay off pension debt, Chicagoans’ burden is the same” – Ted comments on Rahm’s $10B pension bond

Ted was on Illinois Rising earlier this week discussing the plan Rahm Emanuel has floated to issue $10 billion in pension bonds.

First of all, it simply won’t work. You can’t borrow your way out of a debt problem. Second, it could requires Chicago to sell parts of its financial future. To make the borrowing work, the city will have to pledge future tax revenues to its bankers. And that means prioritizing bondholders over Chicagoans in case of bankruptcy.

(Segment length: 6:45)

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Read more about Chicago’s $10 billion bond idea here: Rahm Emanuel’s latest can kick: Borrow $10 billion for Chicago pensions

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A statewide concern: Illinois’ population decline outpaces neighboring states – Wirepoints on ABC20 Champaign

“We are not in good shape” Wirepoints’ Ted Dabrowski told ABC 20 Champaign during a segment on Illinois’ latest population losses. Illinois was one of just three states to shrink in the 2010-2020 period and has lost another 300,000 people since then. Ted says things need to change. “It’s too expensive to live here, there aren’t enough good jobs and nobody trusts the government anymore. There’s just other places to go where you can be more satisfied.”

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