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.
This is how private businesses become wards of the State. Either leave the State or be sued into compliance. Maybe BNSF should fire all employees and stop truck deliveries in Illinois.
FAILED STATE ALERT: One More Example Of How A Ill Conceived Illinois Democrat Law Has Been Weaponized Against Business