Fiscal Crisis in Chicago: Pensions 31% Funded, Moody's Downgrades Debt 3 Notches, Pension Liability is $61,000 Per Household; Mish's Proposed Solutions
MishTalk
SEPTEMBER 17, 2013
Chicago Public Schools closed nearly 50 schools this year, forcing children and families to travel across gang lines. Higher taxes, taxpayer flight and an inability to provide core services contributed to Detroit''s demise — and it’s a trend that Chicago must reverse. Nearly 3,000 school employees have been laid off.
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