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.
Do not go on a cruise ship and let both of them stand on the same side of the vessel
You know who does not count in IL? Suburban non-public union taxpayers who have for decades experienced injustice and broken promises from IL politicians, who put themselves and public unions ahead of the vast majority of IL taxpayers.
IL-#1-2 in overall tax burden; #1-2 in public corruption; and #51, despite all its assets, in fiscal condition (behind Puerto Rico). Plus kids can’t perform at grade level and rampant crime. Why?
MK and JB look like siblings.