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.
Crain’s lost their way many years ago. Their editorial board saying Pritzker’s standoff behavior towards the Bears might hurt his chances at a presidency ignores the fact the state is overtaxed, overspent, overpromised, and the money making machine called chicago is not having a good decade. What an absolute joke to cover for the most corrupt, gerrymandered, hypocritical government in the nation and Crain’s making excuses for the beating pritzker will get in a presidential run is laughable. And even if Crain’s tries to hide it, the rest of the country is well aware of the mess Illinois is in… Read more »