Tag Archives: Chicago

Chicago Levies PlayStation Tax To Pay For Bankrupt Municipal Pension System And Massive Deficits – Confounded Interest

Chicago IL (should be ILL) is the poster child for an insane pension program (mostly to municipal workers and public school teachers). But not only in the city of Chicago, but the state of ILLinois as well. Consider that the unfunded liability in the state’s combined retirement systems has risen in 11 of the state’s past 12 years—despite a roaring ...

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Chicago “Task Force” Looks At Implementing Universal Basic Income

Embattled Chicago Mayor Rahm Emanuel is forming a task force that will analyze whether the city should establish a so-called “universal basic income” program, as they Mayor seeks to salvage his legacy – currently associated with Chicago’s horrendous murder rate and broken pension system. Emanuel announced he would not be seeking a third term in next February’s elections. The task force set ...

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