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.
Mark Twain,
“Suppose you were an idiot. And suppose you were the Governor of Illinois. But I repeat myself.”
REALLY? The same Democrat virtue signalers who touted their sanctuary state nonsense are now crying because they have to live up to it.