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.
He has the message that got him into the governor’s mansion but hasnt shouted it loud enough all year long. Among the public, no one knows what the fighting is about It is about saving this state– literally If he doesnt do it now, who will? He is the only one trying to cure the disease. The dems are are only changing the bandaids. Come on governor–buy a half hour on TV. Put some full page ads in the papers. Get the lazy legislators out working in their districts. Bring in some big name economists to present to the legislature… Read more »
Exaclty right, Anon.