2 ms·
I think you effectively described every American city. Even Dallas, the example of a well-run city provided, had a pension bubble that almost burst into insolve
by moorhosj 7y ago
I think you effectively described every American city. Even Dallas, the example of a well-run city provided, had a pension bubble that almost burst into insolvency in 2017.
==https://interactives.dallasnews.com/2017/the-85th/issue/pensions/ https://interactives.dallasnews.com/2017/the-85th/issue/pens...
- lotsofpulp 7y agoChicago’s problem is compounded by the fact that Illinois is extremely indebted, to the tune of tens of billions more compared to other states, and since Chicago is where all the money in Illinois is, that is where it will have to come from.
- moorhosj 7y agoHalf the state’s population lives in the Chicago suburbs, not the city. Most of the wealth is in the suburbs.