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.
He must be scared to death that the whole crooked organization that he has built is about to come tumbling down. And he thinks he’s the only one who can keep it all together. Hopefully he’s done, and we can see all the dirty dealing he has done at the expense of the taxpayers. Put his head on a stick and parade it around the state, which he has ruined.