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.
We’ll be getting somewhere with these do-nada Republicans when they start talking like “Prickster has no legal or constitutional authority or order closures or restrictions.” DONE in April and no court has legally reversed this.