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Is Chicago the Next Detroit?

Is Chicago the Next Detroit?

Illinois Policy Podcast

December 9, 202531m 54s

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Show Notes

Chicago and Illinois are dedicating nearly a third of their revenues just to pensions and retiree benefits — starving public safety, infrastructure, and basic services. In this episode, JPMorgan market strategist Michael Cembalest breaks down the real numbers behind Illinois’ pension crisis, from unfunded liabilities to 911 response times and outmigration.