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.
the Democrats will destroy IL all to save their power structure and the unions that contribute to them. Notice they never talk of reforming the union pensions which are insane and completely out of control ? No one needs a $300,000/yr pension with colas and free health care. give me a break. Sorry I wont cry for IL, how about getting your financial house in order with pension cuts.
“35-percent cuts across the board”.
Welcome to the real world. Mine and other businesses have had to cut more, much more just to put food on the table.
There is no free lunch. No taxpayer, no funds. You work for us.
Go ahead and make my day Mr Governor – lets pull the plug……
God Bless America.
Yes it is time to pull the plug on Springfield
Meanwhile, Crains is reporting illinois has only spent 15.3% of its CARES ACT funding, the least of any midwest state ( Indianas already spent 46%)?? Whats going on?, is little suzie and the dem machine hoarding the CARES ACT $s, hopen to wait it out till after election so laws can be changed allowing them to spend the funds on are vastly under compensated public sect heros??? https://www.chicagobusiness.com/government/illinois-trails-other-midwest-states-spending-covid-aid
no kidding look is “in charge”