David Schleicher

David Schleicher, a Yale Law School professor and expert in local government finance, joins to tackle the pressing issues surrounding municipal pensions and potential bailouts. He discusses why many pension funds are struggling, using Chicago's unique situation as a focal point. The conversation dives into the morality of bailouts, the hidden debt tactics cities employ, and how pension crises impact public services. Schleicher also proposes what a federal response could look like, blending bailouts with necessary reforms to avoid moral hazard.

David Schleicher, the Walter E. Meyer Professor of Property and Urban Law at Yale Law School and author of "In a Bad State", dives into the pressing issues surrounding state and local budget crises. He discusses the cyclical nature of these financial problems and critiques federal bailout strategies. Schleicher also explores the complexities of local borrowing for infrastructure, the financial repercussions of COVID-19, and shares insights from his journey in academic writing. His engaging approach aims to make municipal finance accessible to all.