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.
Most of those states are run by Republicans. No COVID infections coming from NY or NJ. California is also exempt. Amazing.
I just laugh every week when this list comes out. What. a. joke.
The city is wasting time and money on this ridiculous, meaningless list