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.
$469 billion? *Gulp*. I had not heard that figure before. Surprised Jelly Belly isn’t asking for all that from Trump.
Not one penny to pay for pensions. Let them take less. Bankrupt the states and the courts will be fair to everyone.
1. When do I get bailed out?
2. Why not just give a milliion dollars to every adult in the U.S. 253,768,092 * 1,000,000 = probably cheaper than bailing out every states’ pension plan.