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.
Chicago is in real, serious trouble.
Gosh, what’s gonna happen when summer gets here?
Chicago – Democrats utopia. People from out of town should reconsider coming here – you may be shot while being robbed, just for kicks.
No problem, mayor Johnson is working on a plan.
Remember the youngins are only funnin, dont be calling them little Capones.
We must learn to start funnin like them. How about we start funnin with Chicago Typewriters.
But no worries, because $100’s of millions are being pledged/spent on the “community violence-interventionists“. Does anyone have any faith the city will provide any oversight to see that the funds aren’t wasted or spent fraudulently? Or, probably nobody at city hall cares. Looks like 2/3 of the $bucks$ are coming from taxpayers: “The funds will be drawn from a few sources: Members of the city’s business and philanthropic circles have pledged to raise $100 million to support the effort, while the Illinois legislature earlier this year passed a budget that will provide more than $170 million for community violence intervention.… Read more »