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.
They spend more than that in one night at the local bar. “Beers are on Jumbo Belly!”
Only in IL will the state pay $50 for a child to go to college but $1,000 of medicaid money to abort it.