Chicago Newsroom 8/23/18

Published on Aug 23, 2018

Ken Davis is joined by the Chicago Tribune’s Hal Dardick and the Center for Tax and Budget Accountability’s Ralph Martire. They discuss Mayor Emanuel’s proposal to sell up to ten billion dollars’ worth of low-interest bonds and dedicate the proceeds to the four city pension funds. There’s a range of opinions on the effectiveness and potential danger of such a financial scheme, but Martire is cautiously in favor. Dardick reports that a major issue is finding a way to assure that the funds can never be tapped in the future for other purposes, thereby robbing the pension funds and increasing the debt for future generations to pay. This program was produced by Chicago Access Network Television (CAN TV).