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.
Discover and Visa should just have a Illinois strike day (week) where they do not process any payments for residents of the state.
Wittman is much, much smarter and more realistic than the dupes proposing this nonsense.