Chicago’s pension funds looking more like a collapsing Ponzi scheme
That would be because Chicago’s pensions ARE a collapsing Ponzi scheme.
(From Wirepoints)
Spread out the $145 billion in overlapping government pension and retiree health care debt – from the city, the Chicago Public Schools, Cook County governments and the state – and each Chicago household is, on average, on the hook for more than $139,000 each.
What’s fascinating is that Illinois politicians think Chicagoans will willingly pay off that debt no matter what.
Reprinted from: https://www.ac2news.com/2019/04/chicagos-pension-funds-looking-more-like-a-collapsing-ponzi-scheme/
