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.
Interesting story. Substitute black for Irish and you have the modern day events. Soros was probably behind it-he made a pact with the devil. You’ll see him on TV 40 years from now and he’ll look exactly the same.