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.
Illinois is a true democracy. 1200 people support this law, 6300 against the law so the people who represent 6x in opposition of the law lose to the 1200 who agree. By the people, for the people is not realistic in Illinois