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.
I don’t always agree with Willie but he’s certainly not the idiot like most of the democrats in the state. Willie is spot on with this but has missed and important point… The solution for re-estate and all the bloated taxes in Illinois is to CUT SPENDING. Each of JB terms in office has raised the state budget 20% so it’s nearly 50% higher than when he took office. The sanctuary policy for illegals has cost the state over 2 BILLION and the cost to transport, house, and pay for abortions for people that not even residents of this state… Read more »