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 do all Illinois politicians go to magician school to learn how to pull money out of there ass-s. We’re is all this money going to come from, within 2 years Illinois is going to have a massive fire sale.