CNBC’s Santelli On CPS Pension Fund: It’s A Ponzi Scheme

CNBC’s Santelli On CPS Pension Fund: It’s A Ponzi Scheme
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Dan & Amy are joined by CNBC On-Air Editor Rick Santelli who had this to say about the Chicago City Wire: “It is a great publication. I wish more print and blogs and commentators and analysts would zero in on some of these huge issues.”

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Watch now. http://upstream-ideas.com/upstream-ideas/ideas/ponzi-scheme-is-accurate?utm_source=newsletter&utm_medium=email&utm_campaign=santelli%20ponzi%20scheme

The Chicago Teacher Pension Fund paid out $1.5 billion in the last fiscal year, but it only earned $7.8 million on its investments. Can CNBC’s Rick Santelli make that math work? Why is something that is illegal in the private sector common practice in the public sector? CNBC’s On-Air Editor crunches the numbers with Dan and Amy.

Watch the segment now and share your thoughts on Facebook and Twitter using #UpstreamIdeas.

Also in the News
Ives: It’s immoral to put that much debt on other people’s backs. Watch now.
Since collusion is the DC watchword of the day, let’s discuss the collusion between big government and its press agents. Listen now.

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