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.
Says Mayor Lightfoot who lost control of her city, allowing looting and rioting while initially declining offered Federal assistance. And shootings and murders have skyrocketed in Chicago since the death of George Floyd in May 2002, primarily due to blacks shooting blacks and browns shooting browns. And the City of Chicago debt is outrageous due to her Democratic predecessors, yet she has not declared an emergency to freeze collective bargaining pay hikes. And the city with no rainy day fund shuts down the economy more than many others in better financial condition. And the list goes on and on and… Read more »
Obviously May 2020.
Mirror mirror on the wall who’s in control of Chicago, sorry groot it’s not you. Damn you mirror your just like trump