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 greed of the teachers, cops and firemen have destroyed everything they have touched.
Much better off letting it get foreclosed than working for nothing or even less.
Chicago and Illinois are nothing but Schitt thanks to the Huge Pensions.
Illinois “Land of Slavery”
So long grand lady – I will miss you. Chicago isn’t safe enough anymore for travelers. Other properties will drop significantly in value, including in the Loop. Fast thinkers will leave now and cut their losses.
You must be a Democrat
Just a realist as far as I can tell. I wonder who will pick up the welfare tab in Illinois once all the Taxpayers are gone?
The Pritzker’s maybe? They have plenty of money, so why not?