Chicago’s Recovery from COVID-19 Threatened by Pension Bills, Lightfoot Says

wttw ^ | 05/06/2021 | Heather Cherone

[ChicagoConservative27]

Mayor Lori Lightfoot painted a picture of Chicago on Thursday that featured nothing but blue skies as far as the eye can see as the city recovers from the COVID-19 pandemic and the economic devastation the virus has caused.

“I feel very optimistic” about Chicago’s recovery from COVID-19, Lightfoot said during a virtual conference for investors, bond buyers, financiers and developers with money to spend.

The mayor said she remains determined to use this “once in generation” crisis to address the “exposed fault lines” now crisscrossing the city, which is set to reopen fully by July 4.

But once the city’s slickly produced video ended and Lightfoot started to field questions from Chief Financial Officer Jennie Huang Bennett and investors, it was clear that storm clouds are gathering on Chicago’s financial horizon.

[ChicagoConservative27]

Well no kidding Lori. She thinks you can flip a switch and the economy comes back. She is a total loser.

[EC Washington]

With Lighthead as Mayor there is no recovery in sight. The flood out of city surpasses the exodus last seen when Harold Washington was elected Mayor.

Lighthead needs to travel to other parts of town - South and West sides to see the devastation she has caused.

Hopefully, the worst Mayor in Chicago history will be voted out in 2022.

[mosaicwolf]

"She thinks you can flip a switch and the economy comes back."

Of course she does. All progressive communists think this way. The switch is print money in Washington and send it to Chicago. How to pay for it? Can do easy. TAX THE RICH!

[Bernard]

Well, if Da Mare would send all of the pension collectors to nursing homes in New York or Michigan, that might solve part of her problem. At least the budget problem.

[ClearCase_guy]

she remains determined to use this “once in generation” crisis

Well, that's what it's there for. That's what this is all about.

[Rummyfan]

The mayor said she remains determined to use this “once in generation” crisis to address the “exposed fault lines” now crisscrossing the city...

Chicago certainly has many fault lines. It would be a good thing if she did something about any of them. Crime for instance.

[mosesdapoet]

Born and bred in Chicago’s Bridgeport neighborhood/ During that time 40’s/50’s side streets all had kinds of small businesses a tavern or grocery or food service stores almost on every block. Then regulations and politicians took over. Today that’s all gone.Same thing will small town America

[ByteMercenary]

... but ... but wasn’t the first trillion dollar budget busting bill (aka Blue State Bailout) supposed to make the pensions solvent? And there are more dollars on the way if the Infrastructure bill (aka Blue State Bailout#2) gets passed as is ...

Yes I know we are the “United States” but I have a real problem getting taxed so that some double-digit IQ auto worker who worked for 5 years can retire with a $100,000 per year pension.

[VTenigma]

Better make sure to spend $60 million on ten artists for cultural enlightenment. Government has more ways to piss money over the bank than Carter has pills.