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.
Nobody seems to want to state the obvious: Dolton’s mayor is squandering the city’s treasury for her own use aka she’s stealing it.
This is how ghettos become even bigger ghettos.
BOY ……..DOES SHE EVER FIT THAT DESCRIPTION!!