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.
Hey dumbass maybe opening up the economy fully would help plug the hole you created!
Chicago: where our problems are your problems.
Chicago deserves nothing and the city and state employees have been off work since March. Why isn’t this theft of services investigated by Ferguson and the inspector general ? Because they are not working either.
Lori Lightweight is in over her head. The rest of the country isn’t interested in bailing out Chicago.
And let’s hope the Federal budget decision-makers carry out that stance. Else they are pandering to the Broke as well as the Woke.
This is an emergency that justifies freezing the salary hikes built into the collective bargaining agreements.
Which should have happened decades ago, and should have lasted until pensions were fully funded.
Why should the tax dollars from my elderly mother in Ohio bail out the City of Chicago?
All resources, including your mom belong to Chicago Teachers Union.