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.
REALLY ASHAME……CHICAGO USED TO BE ‘THE PLACE’……..LEADERSHIP HAS REALLY CAUSED IT TO PLUMMET TO THIRD WORLD AND LOWER
Chicago and IL have been the butt of conservative media’s jokes for nearly two decades now starting around the time of Blago. Liberal media finally realize how successful and funny these jokes are and wants in on some of the hilarity too.