The Market Ticker - Flee IL, CA or NY And Bring Liberalism With You?
Want a prediction you won’t like?
Chicagoans are buried under so much pension debt it’s impossible to see how their city can avoid a fiscal collapse without major, structural reforms. The futility of paying down those debts becomes obvious when you try to figure out just who’s going to pay for it all.
The total amount of city, county and state retirement debt Chicagoans are on the hook for is $150 billion, based on Moody’s most recent pension data. Split that evenly across the city’s one million-plus households and you arrive at nearly $145,000 per household.
and try to bring your…….
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Source: https://www.market-ticker.org/akcs-www?post=236332
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