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.
So now, if it’s said, it must be true, because our politicians never lie, or misconstrue, or mislead their constituents – right?
re they kidding?
Dead and maimed bodies lining the streets and all is good. Nothing to see here, move along. Hire (elect) incompetent people and the results you get should be expected.
Sometimes you just can’t fool people by putting lipstick on a pig.