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.
LOL when the only candidates on the ballot are Democrats, and the general election is meaningless because the first-past-the-post Democrat primary winner is guaranteed to win the general election..it tends to depress turnout. And that’s exactly what Democrats want.