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.
Don’t test until it will take moving heaven and earth to help the kids catch up.
What an asinine plan!
But, then again, that’s the ISBE way.
Everybody gets a trophy in JB’s messed up world.