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.
Another screaming, no substance leftie who accomplished nothing for his constituents. Let’s not forget how many decades he was in the legislature, school chief, etc. Plenty of time to help the downtrodden. And he accomplished squat. Way back to the 1980’s he was going to reform Chicago, but instead just padded his pension and burped out platitudes.