It's Time To Face Facts: Pensions Are Unsustainable And Need To End.

Taxpayers are sick and tired of footing the bill for the Ponzi scheme that is government pensions.

Chicago has been grappling with a growing crisis of unfunded bonds and pensions that has led to ever-increasing property…

In 2014, Chicago’s debt had already been reduced to junk-bond status by several credit agencies. Additionally, the population had been reduced to below the levels last seen in 1920, taking close to $18 billion in taxable income out to the suburbs between 1992 and 2010. The budget shortfall for the city of Chicago and the Chicago Public Schools was expected to total over $1 billion between 2014 and 2016, and as of 2014, Chicago’s per capita pension liability was the highest of the country’s 25 largest cities.

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