Monday, December 15, 2025

Chicago is descending into Thunderdome

Washington Post: "Chicago has lost its mind - The city’s fiscal situation is dire, and Mayor Brandon Johnson is determined to make things worse."

They've run out of funding gimmicks and the slightest hiccup leads to chaos:
Springfield recently passed a sweetener bill for police and firefighter pensions, which already had less than a quarter of the assets needed to ensure that beneficiaries get paid what they’re owed. The funding ratio will now drop to less than 18 percent. The situation is so bad that when a computer glitch delayed property tax collections earmarked for the pensions, the firefighter’s fund didn’t have enough cash to mail its checks out, forcing the city to step in with an emergency loan.
The Chicago Teachers Union is the Master Blaster of Chicago Thunderdome.  They whole government will be fighting over the scraps soon.  

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