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.
I hope that they impose massive city income taxes on Chicago to punishment to all of those living and working there. Chicago continues to destroy the state of IL.
Agree MSS. The sooner we can see how this Democrat ****show ends the better. Raise taxes on everyone the political class hates and let’s see how it ends.