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.
I wonder if this company will be soon providing medical care to those on the public dole?
what are the factors that contractors face in Illinois where they only get TWO bidders, and really only one bidder the state doesn’t like but is forced to go with, would seem the big question?