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.
“Chicagoans understand the connection between good schools and a city’s economic viability”
HAHAHAH, Chicago imports tens of thousands of Big Ten grads every year to keep it’s economy viable. I should know, I married one. The problem now is that they are leaving fast than they come here.