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.
I’m sure savvy businesses are lined up to immerse themselves in Illinois!
Yet, not one media outlet mentions the Solyndra debacle.
Ridiculous.
This will be snake oil heaven. The schemers will pop up out of the ground! Maybe Solyndra can participate. They’ve the experience having blown $535 million gift from Obama.