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.
Bravo to Jenny Ames for speaking the truth on this.
Too many realtors stick their heads in the sand on this issue and try to sugar coat things. Jenny obviously does not, and props to her for that.