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.
What? How could this be? The Fat Man told us not to pay attention to the Carnival Barkers who were telling us that Illinois had a financial problem and that jobs were coming to Illinois. Gosh, could the Fat Man be lying to us?
Ya think?? he don’t care………never missed a meal in his life……he could care less about regular people cause he’s never been without