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.
One only has to look at proliferation of warehouses being slapped up as others sit empty in Joliet and its environs to see that they really don’t care about the sensible use of land, air or water. Any plot of land is a target for development in the hopes of collecting taxes and to keep the trade unions busy so as to keep contributing their dues to politicians. The environment is the least of their concerns. O’Dekirk’s getting into bed to make a deal with Lightfoot ( who slipped in and out of the city council meeting to make the… Read more »