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.
Being the treasurer of a state that reaps in outrageous amounts of taxpayer money year after year yet is always broke , Pritzger’s pet chimp Mikey would do well to shut his mouth about anything financial and hide in his office hoping not to be noticed.