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.
Rolling out a new strategy? Probably Lori’s new strategy that’s been in place since the beginning. Never acknowledge anything bad has happened unless you can squeeze out lots of money. Never talk to anyone, then you never have to explain. She’s no more mayor than a wood post.