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.
Hmmmmm..Why would anyone come to Chicago? Why not conduct business where it’s nice and safe? Resilience? How about a miracle! Most of the big players are exploring alternatives to the dirty and dangerous Chicago.Lori started a perpetual coal seam fire. Everybody knows the city is nearly dead, so the lockstep blowhards are predicting a resurrection of the vibrant city of the last century.