Yeo I remember the parking meter deal. It’s hard to believe they spent an advance on 75 years of revenue in just a few months.
I think Chicago and other cities will eventually seek a federal bailout. This pension idea , if implemented, is only a stopgap, just as the parking meter this g was just a stopgap. They still.need to make fundamental financial decisions. And those decisions will be painful.
I’m.happy the good Democrats such as Emmanuel have this headache. They can’t blame Republicans or Trump for this one.
I would imagine one fringe benefit of this deal for Chicago was that they could dump the city employees who maintained the meters, although one would have expected their union to make a fuss about it.
Then again, it's Chicago, so maybe a few union officials got nice Christmas presents, and the problem was made to go away.
"Trump To Chicago: Drop Dead."
One sequel I'll enjoy.