Op-Ed: How to make an extra $3 billion, the Illinois way – IL Watchdog

AFSCME – the largest government worker union in the state – may pull off one of the most insulting waiting games in state history. The payoff? More than $3 billion, courtesy of Illinois taxpayers.
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Reality
7 years ago

The payoff for greedy state workers running the state and the courts will be state bankruptcy allowance as well as municipal bankruptcy allowance in less than five years. Math and reality say so, and they always win. Enjoy your homeless retirements state workers!

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Mark Glennon on AM560’s Morning Answer: Chicago pension buyout plan mostly shifts debt rather than eliminating it, property tax surge doubles inflation over three decades

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.

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