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.
Ok who’s lying, bill backlog was 6 billion then it went down to 2 billion in June after the 1.2 billion was secured thru lies by Pritzker now 5 months later it’s back up to 7 billion, something smells very very fishy here the math just doesn’t add up, Pritzker needs to be investigated somebody is sure pulling the wool over somebody.
So who is watching the Fed? It seems the MLF loan request by Illinois should be denied by the Fed as it doesn’t meet their guidelines.