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.
In other news, the alderwoman that didn’t want crime in her ward mentioned ( it was mean to do so ) was on the news decrying the shooting on the Red Line yesterday.
isn’t alder person just another phrase for scum?
They certainly are paid enough to roil the water, bicker amongst themselves and push their own agenda like the bloc of Latino socialists ( Marxists ) who seem intent on turning Chicago into Moscow on Lake Michigan.