I don't know how one could look at this and still advocate for a permanent ZIRP. Chicago pension fund in big trouble due to ZIRP and current revenues for essential services have to be reprogrammed into the pensions so local government services suffer or are eliminated.
Its the same story all throughout the country.
I don't know how one could look at this and think permanent ZIRP is a good policy to propose. Its either cold or stupid or both.
.@FitchRatings downgrades #Chicago, cites Illinois Supreme Court ruling on pension reform https://t.co/bviAlDkTEI— John Tillman (@JohnMTillman) March 29, 2016