Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.
Foxx is trying to do as much damage to the few remaining prosecutors in the State’s Attorney Office as she can, before she leaves.
It appears the Mayor’s office isn’t the only one facing challenges. When will people recognize that the political environment in Chicago and the state is deteriorating? Many are frustrated with ineffective, ideologically driven leadership. The question is whether voters will take action or continue to watch things unravel.