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.
Here’s a difficult but pragmatic approach to keeping yourself and your family safe – first get out of Chicago – then keep going until you cross the Illinois border.
Simple? No, but hundreds of thousands have led the way.