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 problem is how do you vote someone out of office when they are the only name on the ballot? Don’t know if Cullerton has anyone running against him or not. He’s been in office since 1979, yet somehow this is Rauner’s fault. Sounds from the article like the public isn’t buying it, but they have no other choice on election day. http://www.rebootillinois.com/2016/06/16/editors-picks/mattdietrich/the-big-guess-how-will-illinois-budget-crisis-affect-voting-in-november/59807/