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.
Once again rising beyond their level of incompetence, Chicago politicians and our illustrious #miserablefailure mayor have shown no alumnus at the Peter Principle Academy is left behind!
Great – and we know how well the hospitals and nursing homes were run during COVID in NY. Sounds perfect for IL. Who is the genius that decided this?
An expert is always someone from out of town.
Had they waited a month they could have hired Biden