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.
Hos about fix the pensions instead
The more poignant question here is: Why are democrats now tearing down statues of their own party heroes?
If this isn’t a “WTF” question, “WTF” is!?
Michael Madigan did far more damage to Illinois than Stephen Douglas and Pierre Menard.
What a joke.