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.

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