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.
Are people stupid? what do you think is going to happen? the Illinois Supreme Court will pick him to fill the seat till the next election. And at that time he will either retire or run again.
What happens next, hopefully it would be sooner than later but the taxpayers in Illinois will have to wait until 2022, throw pritzker ass out of Springfield.
It should be said that one of Madigan’s puppets did not retain his seat.