Comment by sct202
2 days ago
My city, Chicago, is one of the ones mentioned in TFA. We had about 15 years of pension holidays, where contributions were not paid and the the catch up payments were scheduled far into the future. It is now the future and the people who had their taxes artificially lowered have long ago retired to Florida. The workers are owed a pension but it's being paid by current workers not those who got the tax breaks.
Chicago is a very poor example... the city is terribly run and horribly corrupt and has been or decades. There are reasons the rest of Illinois has tried to secede from them.
https://www.forbes.com/sites/edwardsiedle/2021/09/03/chicago...
Most of the revenue that funds programs in counties outside of Cook comes from the Chicagoland MSA, so I guess they can be our guests; we can use the money.
Sounds more like that makes it a particularly good example.