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.
So.. gonna take your new best friend CFD along for a ride to a new contract, something they’ve been without for four years? Or, like SEIU, are you done with them, leaving a dollar or two on the nightstand and after a brief kiss, out the door?