Chicago’s Mayor Daley says let pension funds go bankrupt! Communities are failing across America

Speaking on a Global Metro Summit panel at the University of Illinois-Chicago with Philadelphia Mayor Michael Nutter and Los Angeles Mayor Antonio Villaraigosa, Daley appeared to indicate that allowing the pensions to go bankrupt so they could be reorganized was something he believes could happen. “I’m one who believes that pension funds can go bankrupt […]

California Scheming: killing public pensions for workers

California is dying! With their so-called concern for the fiscal responsibility of California, the front and center of their demolition policies, Governor Arnold Schwarzenegger and Los Angeles Mayor Antonio Villaraigosa said Wednesday, the 22ndd of April, that they supported controversial plans to rein in the costs of retirement benefits for public employees.  They say the […]