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.
They blame everyone and everything but themselves. This was a poor idea put forth. They wanted to run with taxes till the end of time and no one to limit them. Someone –a lot of someones held them in place and they will have to think of legal and legitimate manners of obtaining money for the state–I have one–Pritzker–Lard Boy needs to pay his taxes that he has not since he doesn’t have toilets in one of his many homes. He should dole over his salary to the state just as Trump does as Pritzker is part of the BILLIONAIRE… Read more »