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.
Unions are the cancer that is killing Illinois
Don’t forget the politicians who ENABLE the unions to bring our state down.
The day is coming where the only people in Illinois will be public employees, illegal aliens, and welfare recipients.
Good luck when that day arrives because as the system is now they need to take money first from someone who is productive to be able to give it to someone who isn’t.