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.
Note, Martin Sandoval the transportation committee chairman was indicted for corruption, bribery. This is the guy that was controlling the billions of dollars in that fund. Do you think Mr StickyFingers was gonna run a corruption free committee?