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.
😮 Great news? Not really!
Madison county has a bad reputation (meaning good for lawyers easily trying to get millions) for anything!
Reasonable limits on all these cases need to be set. Need to go back to no Lawyer commercials at all! 😀