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.
Simple! Just hit DELETE on the keyboard.
This is easy, do what you have been doing all along. Lie about the principal and lie about the rate of return on investment.
Done. Next steps leave the state before the Ponzi scheme fails.
The Ponzi scheme has already failed, it’s being held up with rubber bands.