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.
This is starting to look like the ‘future casino’ becoming more like Twosome Newsome’s train to nowhere project. Typical Dem mismanagement that will no doubt require more confiscated taxpayer cash for a bailout.
Illinois elects its dumbest.