Embattled Chicago Mayor Rahm Emanuel is forming a task force that will analyze whether the city should establish a so-called “ universal basic income ” program, as they Mayor seeks to salvage his legacy – currently associated with Chicago’s horrendous murder rate and broken pension system . Emanuel announced he would not be seeking a third term in next February’s elections.
The task force set up by Emanuel will consist of a panel that will decide whether the welfare initiative could work, as the city wrestles with a $71 billion debt load, nearly $40 billion of which is pension debt. […]
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