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 remember when commenters here told me that the Chicagoland real estate market was going to collapse. One commenter even told me over two years ago, that by now, we would experience at least a 20% drop in prices. Instead prices just keep on going up.
EvErYoNe Is LeAvInG!!!!. YoU bEtTeR gEt OuT wHiLe YoU cAn. lol
Some commenters did. I did not.