Spoonman
Gold Member
- Jul 15, 2010
- 18,163
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They clearly don't work. Their track record proves that. And what is happening now is those same principles are being applied to the country on a national level.
Pension crisis endangers Chicago's future - Yahoo Finance
Pension crisis endangers Chicago's future
Chicago's future threatened by looming pension crisis.
By Sara Burnett, Associated Press
CHICAGO (AP) -- It's not the vision of a world class city that Chicago Mayor Rahm Emanuel typically likes to portray.
More teachers losing their jobs, thousands fewer police and firefighters on duty, less frequent trash collection and miles of potholed roads going unrepaired all as property taxes soar.
But that's the scenario Emanuel and others have said could befall the nation's third-largest city if the state Legislature which passed a landmark measure last week to address Illinois' severe public pension shortfall doesn't deal with Chicago's own multibillion-dollar pension problem.
Pension crisis endangers Chicago's future - Yahoo Finance
Pension crisis endangers Chicago's future
Chicago's future threatened by looming pension crisis.
By Sara Burnett, Associated Press
CHICAGO (AP) -- It's not the vision of a world class city that Chicago Mayor Rahm Emanuel typically likes to portray.
More teachers losing their jobs, thousands fewer police and firefighters on duty, less frequent trash collection and miles of potholed roads going unrepaired all as property taxes soar.
But that's the scenario Emanuel and others have said could befall the nation's third-largest city if the state Legislature which passed a landmark measure last week to address Illinois' severe public pension shortfall doesn't deal with Chicago's own multibillion-dollar pension problem.
