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.
Hardiman’s scam “peace advocate” business is at risk of being defunded by City Hall’s apparently more politically-important major problem of unhoused recently-arriving migrants needing taxpayer-provided resources.
It’s a slap on Hardiman’s 2024 pocketbook.