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.
And he should lose his exuberant pension no if ands or ors about it gone bye bye
“We’ve got a lot of work to do for the people of Illinois.”
That should read: We’ve got a lot of work to do for the people of Illinois that doesn’t include pension and health care benefits reform or anything else related to lowering taxes.