
The "Endless Appetite": How Illinois Spends Your Money
Feb 17, 2026 - 52:38
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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...
Is Chicago the Next Detroit? is an episode from Illinois Rising by Illinois Policy. Chicago and Illinois are dedicating nearly a third of their revenues just to pensions and retiree benefits — starving public safety, infrastructure, and bas...
This episode belongs to Illinois Rising.
Use the player on this page to stream the episode online.
Published Dec 9, 2025, 31:54 long, audio available.
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.
You can listen to Is Chicago the Next Detroit? online on Radio and Podcast. Open the player on this page to stream the available audio.
Is Chicago the Next Detroit? is an episode from Illinois Rising by Illinois Policy.
This episode is 31:54 long.
This episode was published on Dec 9, 2025.
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Is Chicago the Next Detroit? is from Illinois Rising by Illinois Policy.
Published Dec 9, 2025 and 31:54 long