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.
“On Tuesday, the speaker’s personal campaign fund received about $555,000 in one day, mostly from a Chicago area labor group.”
The minions of corruption. Need full disclosure at a minimum.