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.
Trust and Illinois politicians do not go well in the same sentence.
“As a voter, you’re supposed to trust Illinois politicians”
As a taxpayer you are an A$$HOLE if you do.
What to do, what to do…