Chicago Is Pushing For A Massive Bailout Of Its Public School System

ZeroHedge ^ | June 27, 2016

[Attention Surplus Disorder]

Chicago’s pension obligations grew about 20% more impossible to fund based upon the giant move in the bond market today. More impossible? Yup!

[LaineyDee]

Ummmm.......NO

[Tenacious 1]

Wait a minute!!! Are you suggesting that we’ve been had? Government lied to us and spent more in commitments than they actually accounted for or reported? You jest! This is the most transparent government in the history of the United States!

[Road Warrior ‘04]

It isn’t the public school system that need bailing out. It’s the Teachers Union! Fug ‘em! They’re billions of dollars in the hole!

[Liz]

Gee thanks for the clarification.......who knew?

[hondact200]

Illinois Lotto can not pay anyone any winnings if they win the Illinois Lotto. All the pension funds for Chicago not just the teachers is being taken from the Illinois Lotto Funds

[patriot08]

Don’t worry. Omuslim will send them a few trillion.

[vooch]

Have Teacher’s union pension fund buy the debt instead of City hall

[T-Bone Texan]

I actually did invoke Laz in a haiku once but the experience left me, I dunno, feeling icky and in need of a bath, or something, as if I had somehow been violated.