Chicago Residents Dragged Down by Pension Burden
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  • bpuharic

    I’m REALLY glad WRM has an obsession on this. After all we have NO other financial problems, such as the gaming of the regulatory system, as described here:

    http://www.bloomberg.com/news/2013-09-04/how-the-bank-lobby-loosened-u-s-reins-on-derivatives.html

    Banks would NEVER do anything to hurt America. Bankers are ALWAYS interested in the public good. It’s those nation public unions, you see.

    Thanks. Happy to see you’re on top of it.

  • Corlyss

    “this may actually be understating the size of the problem:”
    I think until it’s proven true, it should be treated as true. During this pension crisis in so many places, I’ve wondered if there were ever any audits of the pension funds and if the auditors were in bed with the city politicians who need to keep lying about how badly unfettered union greed and corrupt pols have damaged the cities they are suppose to serve.

  • Pete

    Another case of the bloated public sector killing the goose that laid the golden eggs.

  • tartanmarine

    I retire 11/30 due to my pulmonary fibrosis. On 12/1, I will no longer be a resident of Illinois or of Cook County especially. I will link to this from my Old Jarhead blog. (www.tartanmarine.blogspot.com)

    Robert A. Hall
    USMC 1964-68
    USMCR, 1977-83
    Massachusetts Senate, 1973-83
    Author: The Coming Collapse of the American Republic
    All royalties go to help wounded veterans
    For a free PDF of my 80-page book, write
    tartanmarine(at)gmail.com

  • lukelea

    Even if the benefits are dialed way back, my intuition tells me these kinds of debt obligations could propel a massive flight from the cities. Could the same thing happen at the state level?

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