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.
And what can we do about it?
Absolutely NOTHING!
My understanding is that 600 witness slips were filed in favor; 54,000 opposed.
This is democarcy?
This isn’t democracy this is taking away are freedoms