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.
First I’m hearing about this……….where do I sign…..phone # in article says leave a message………
He has no background or experience in running the third largest city in the US yet the taxpayers of Chicago elected him and have decided to keep him, at least until the next election. THE RESIDENTS OWN THE PROBLEM
Elections have consequences. Choose carefully!
Cities, just like countries, are the way that they are because of the people who live there.
Plus 1. Completely agree.