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.
Run for your economic life. DOA, goner, never going to make it.
Taxes will be going much higher and property values will drop like a boat anchor.
Getting rid of Herpes will be easier than selling a home in Chicago.
Cops will live in a Luxury home in Florida at age 42 while you work forever.
Illinois “Land of Slavery”
Why not after all it’s only taxpayers money. What if this money would come out of school employees paychecks? Would they be so generous with their OWN money? This is why we need a cap on per pupil expenditures say $10K max to educate the kids and anything left over they can do what they want. In Rockford private schools charge approx $7K per student public over $14K.