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Residents of Chicago are technically on the hook for more than 0 billion in debt issued by four different government agencies (not including the federal debt, which is a whole 'nother ball of wax). But then there's also the Chicago Public Schools and Cook County, which includes Chicago and some surrounding suburbs. All four of these public entities are deep in debt, thanks largely to the pension promises made to public employees and decades of failing to meet those obligations.Here's how it looks in one graphic from the latest Comprehensive Annual Financial Report, or CAFR, issued by the state, as highlighted by Mark Glennon at Wire Points Illinois, a state-based blog covering politics and economics.
The trend may also reflect that women feel more empowered to say no, said Stephanie Coontz, director of research at the Council on Contemporary Families.
“As people have gotten much more accepting of all sorts of forms of consensual sex, they’ve also gotten more picky about what constitutes consent,” Coontz said.
Since pension costs are amortized (another fancy government accounting term that means "slowly paid over a long period of time") over decades, putting their value on a balance sheet requires making a number of assumptions about how quickly those debts will be realized.
It's not impossible to do that, but there's a fair bit of disagreement about how to best make those assumptions.
What changed is how governments have to report their debt.
Prior to 2015, state and local governments commonly hid the long-term cost of their pension debt by keeping those details off their official balance sheets.As with many things, admitting you have a problem is the first step toward a solution. As Bill Bergman of Truth In Accounting comments at Wire Points, governments "have yet to recognize retiree health care and other retirement benefits on the balance sheet, for example.We have a lot of ditch-digging ahead of us." Those proverbial ditches will be filled in with taxpayer cash.It might be hard to believe, but there is actually a little bit of a good news here.For starters, the chart doesn't say what it appears to be saying.Even older millennials are more sexually active than this younger group is.