Posted Apr 9, 2018, 3:09 PM
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Registered User
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Join Date: Jul 2012
Posts: 7,443
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We are about to find out what it means as rates keep rising. There is no way this pension situation is sustainable for either Illinois or Chicago. I mean the debt service is already crushing, what happens if rates rise further from all time historic lows. The only reason it's lasted this long is 10 years of literally free money.
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