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.
You just can not overstate the magnitude of the incompetence of these clowns. Even a program designed to do some good for the little people is a disaster.
The city that works.
Unspent money?
We must find this disloyal enemy of the State and meet out justice!
Such behavior against the Fatherland cannot be tolerated!
Either spend the money for its intended purpose or quit begging for more.
Could it be that they’re not spending it on replacing lead pipes so that they can divert the money elsewhere?
Money is fungible; particularly in Chicago.