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.
Has the legislature ever voted on this?
Pritzker, like Democrats all over, is proving to be an extraordinary economic menace!
Is this a joke?
What a crock of sh-t this is going to blow up so bad it’s not even going to be funny. 90,000 or 198,000 and you can’t afford rent. I’m retired but I still must pay my mortgage.