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.
According to some at the CPD, nothing more than lip service. A few “ friends and relatives “ of Playa’s will find a spot so they it can be trumpeted that hiring occurred, and then zilch. His game is very obvious.