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.
The entire legal/lawyer shake-down industry is such a gigantic part of the machine politics in ill..and jbs rewarding them with endless new legislatio to file suites, regulate, and $$$$clean-up..