Look out, Chicago, look out, Illinois

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Diversification - Investing
Diversification – Investing yes, but what if not enough eggs period? (Photo credit: 401K)

It’s your pension funds, stupid. Chapter 9 could be coming their way, and yours.

Published by Jim Bowman

Jim Bowman covered religion 1968-78 for the Chicago Daily News, since then has written books, articles, etc., mostly on corporate history but also on religion (Company Man: My Jesuit Life, 1950-1968), and more recently on politics (Illinois Blues: How the Ruling Party Talks to Voters -- Lulu.com, Kindle). Longtime Oak Park, Illinois, resident, he lives now on Chicago's North Side, where four of his and Winnie's six children live close by.

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2 thoughts on “Look out, Chicago, look out, Illinois”

  2. Chap. 11 is what I’d prefer as it allows for a cut in the pensions/automatic increases whereas Chap. 9 is less draconian.

    First we paid the govenment workers’ pension contributions which were squandered on “social benefits” for the dead-beat class so now we taxpayers are on the hook for replenishing their lavish benefits. Are we lucky or what? Oh, those pensioniers do not pay IL state income tax, so we are triple screwed.

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